FX Commentary – 24Nov

Posted: 24 Nov 2009, 7:49am (FOREX)


Jumping house sales released yesterday, plus the prospect of no rise in interest rates in the immediate future, led investors to flee the Dollar once again, and move in to stocks. Investors will be eyeing the Q3 GDP estimates, released by the US Commerce dept at 1330.

German IFO numbers showed November business confidence coming in ahead of forecasts.

South Africa snapped three consecutive quarters of negative growth, with data showing that GDP grew 0.9% quarter on quarter.

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