High and low yielders alike were relatively unmoved through Wednesday’s session as the market held its collective breath for some resolution on the US government’s bailout plan.
With many pairs like USDJPY, AUDUSD and NZDUSD testing major technical levels, traders are obviously anxious to find some fundamental direction for risk appetite to work with. Looking ahead, economic data will have a greater weight on these pairs. The Japanese docket is scheduled to release August inflation number, Australia will take in new home sales data and the RBA semi-annual Financial Stability Review and New Zealand has its second quarter GDP release.
Related Article: Dollar And Risk Appetite In Limbo As Market Waits For Bailout
Check out Daily Fundamentals in its entirety for analysis and outlooks on the US dollar, euro, British pound, Japanese yen, and the commodity dollars.
