FX Weekly: 1st November 2010
Commodity prices are at their highest since late 2008
Q3 UK GDP better than first feared – BoE QE is now much harder to justify
Riksbank raised rates as expected but future growth outlook weighed on SEK
Q3 US earnings proving to be a mixed bag, helping the Dollar Index find a range (76.70 – 78.00)
Market participants erred on the cautious side in anticipation of a massive week for financial markets this coming week
Q3 UK GDP better than first feared – BoE QE is now much harder to justify
Riksbank raised rates as expected but future growth outlook weighed on SEK
Q3 US earnings proving to be a mixed bag, helping the Dollar Index find a range (76.70 – 78.00)
Market participants erred on the cautious side in anticipation of a massive week for financial markets this coming week
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