Monday, October 27, 2008

Quick Overview

  • U.S. new home sales were at an annual rate of 464,000 in September, up 2.7% MoM and down 36% YoY.

  • Australia intervened on Friday and bought Australian dollars.

  • Japan's retail sales fell 0.4% YoY

  • The Group of Seven expressed concern about the soaring Japanese yen – are they next to intervene?

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