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8 May 2013
Forex Flash: Stocks up but EUR/USD and USD/JPY locked in range - Societe Generale
FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that equities keep on ascending but EUR/USD and USD/JPY are still locked in their April ranges.
However, meanwhile he notes that China's April trade balance data today topped market expectations, but there is widespread incredulity at the extremely strong numbers reported. Both Chinese exports and imports appear to have accelerated from March, at odds with the disappointing South Korean and Taiwanese data as well as China's own PMI surveys.
However, meanwhile he notes that China's April trade balance data today topped market expectations, but there is widespread incredulity at the extremely strong numbers reported. Both Chinese exports and imports appear to have accelerated from March, at odds with the disappointing South Korean and Taiwanese data as well as China's own PMI surveys.