Japans Trade Balance Improves

02/24/10 by Daily Forex Snapshots  
Filed under Forex & Futures

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G10 Advancers and Decliners vs USD
CHF 0.18
GBP 0.16
EUR 0.13
JPY 0.01
Risk appetite was still shaky in Asia, despite the slight USD weakness. To the dismay of risk seekers, China’s CPPCC spokesman says it will not make any sudden CNY pricing change and, according to the Shanghai Securities News, China bank regulators told banks to tighten new lending to local governments. The economic data from Japan looked encouraging as Jan trade surplus Y85.2 bln vs. Y108.5 bln…

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