Forex Analysis: Euro May Fall as Soft German CPI Drives ECB Easing Bets

forex analysis today, euro analysis today,euro analysis 28 november 2012,forex news 28 november 2012

Talking Points

  • Japanese Yen Gains as Asian Stocks Drop on Greece Deal Rethink, “Fiscal Cliff” Jitters
  • Euro May See Selling Pressure as German CPI Drop Drives ECB Easing Expectations
  • US Home Sales, Beige Book May Buoy Dollar vs. Yen, Drive Weakness vs. Comm Bloc

The Japanese Yen outperformed in overnight trade as a drop in Asian stocks drove demand for the regional safe-haven currency. The MSCI Asia Pacific benchmark index lost 0.5 percent, with the newswires citing ominous comments from the OECD warning a global recession could follow a failure to avert the US fiscal cliff as the catalyst.

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