Forex | Forex | Strong equity rally puts USD back on the defensive as another day sees yet another direction change (26/06/2009 07:23:28)

Strong equity rally puts USD back on the defensive as another day sees yet another direction change

Bonds also rally, keeping JPY crosses relatively contained despite strong risk appetite. HEADLINES - PREVIOUS SESSION New Zealand Q1 GDP fell -1.0% QoQ vs. -0.7% expected Japan May CPI fell -1.1% YoY and fell -1.1% ex Fresh Food vs. -1.0%/-1.1% expected, respectively THEMES TO WATCH – UPCOMING SESSION Germany May Import Price Index (0600) Sweden May Trade Balance (0730) Switzerland Jun. KOF Swiss Leading Indicator (0930) US May Personal Income and Spending (1230) US May PCE Core (1230) US Jun.


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