In This Issue..
* Currencies trade in a tight range...
* U.K. Budget announcement...
* When will Treasuries follow Gilts?
* Gold as a currency...
Good day... And a Wonderful Wednesday to you! Another bad night for your Blues, which means their season has come to an abrupt halt... They are a young team, so they'll be back, next year...
OK... The euro traded in a very tight range yesterday with a bias to sell dollars, but like I said, it was very tight... The Aussie dollar rallied very strongly during the day, adding over 1-cent to its figure. It sold back some of that 1-cent gain overnight though. As the upbeat stock session, immediately turned sour after the close... As I said yesterday, there was a lack of data to help the currencies along, and they had to rely on the earnings season for direction....
Filed under: Currencies, Oil, Gold, Yen, Bank of Canada, TARP, Timothy Geithner, Mortgage Rates, Treasuries, Stress Test, UK Budget