From Marc to Market:
Many remain hopeful of a resolution in the Middle East even though the hostilities are still flaring up and Israel appears to have launched a new offensive in Lebanon. Oil prices are around $3 lower and equity markets mostly higher outside of Japan, China, and Hong Kong.
The dollar is mixed. Lifted by a hawkish hold by the Reserve Bank of New Zealand, the New Zealand dollar leads the G10 currencies with a nearly 0.75% gain. On the other hand, the soft Australian CPI has elicited a dovish response in the interest rate market and dragged the Australian dollar down around 0.40%, the heaviest of the G10 currencies. The market took the yen slightly lower, but the market to may hesitate ahead of JPY159.50, on guard of intervention....
....MUCH MORE
