Back on Offer

Last Update: 27-Nov-09 13:08 ET

10-Yr: +17/32..3.207%.. USD/JPY: 86.7992.. EUR/USD: 1.4959

Back on Offer: The dollar has been pushed back off thorough the 75 handle, as concerns over the anticipated reach of the Dubai debacle were tempered and instruments generally returned to nearer their pre-headline levels (except treasuries). The euro was swung near the lower end of the week's range with the regional coin able to make a run back at 1.50 after tagging 1.4828. The economic calendar is fairly fat mid-week and the day's drama may be able to be pushed aside and data watched for signs rate accommodation may be drained. The yen was unable to hold its best prices in 14-yrs on the buck, backing off hard as concerns were soothed and threats (likely empty) of intervention made. The euro was snapped back from its worst levels on the yen since April. Gold was also pushed back about 3.8% from the lows with spot now 1172.52 (-15.86) while crude was able to pull back some as well, but remains pressured near now 75.80 (-12.16).

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