[每日摘要]20080128

市場維持一貫的Choppy，預計本週應該也是同樣的局面，
沒有固定的走勢，就代表了場內交易員是處在一個沒有View的情勢下去追價
將眼界放短，不求太多獲利，但求無傷。
通常這種局面不會維持太久，但是一有變化往往會很激烈。

新興市場貨幣還是弱勢，尤其是KRW，近期飽受股市不振及外資流出的賣壓不斷
又再一次測試950。只有人民幣是反其它人之道而行，仍是升升不息
農曆年前的匯回令人民幣再破紀錄
但是台幣今年出口商的匯回就不若以往強烈，
還是在32.2~32.4中間遊走。

高盛一篇報告指出日本已經陷入衰退，部份來自出口趨軟及消費不振
衰退機率近60%，但是日元今日還是升值。大多數原因來自於美金轉強，而不是日元偏好。


1. UK's Blancflower says something
RTRS-RPT-BoE's Blanchflower says UK rates "restrictive"

LONDON, Jan 28 (Reuters) - The Bank of England needs to stop
worrying about inflation and cut interest rates to prevent a
sharp slowdown in growth, central bank policymaker David
Blanchflower said in an interview published on Monday.
In an interview with the Guardian newspaper, Blanchflower
said it was essential the Bank of England's Monetary Policy
Committee (MPC) "get ahead of the curve" as the current level of
UK interest rates at 5.5 percent was "restrictive."
"Worrying about inflation at this time seems like fiddling
when Rome burns," said Blanchflower, the only MPC member to vote
for a rate cut earlier this month.
The other eight policymakers favoured leaving borrowing
costs at 5.5 percent because of upside risks to inflation.
MPC member Andrew Sentance told Reuters last week that
market expectations of several more rate cuts were ignoring
rising price pressures.
Central bank Governor Mervyn King also said last week that
policymakers had to balance slowing growth against rising
inflation.
Blanchflower told the British newspaper that the greater
danger was to ignore the risk of a slowdown.
"I believe that there are risks to the upside to inflation
but the greater risks are to activity on the downside," he was
quoted as saying.
"Evidence from the housing market and especially the
commercial property market is worrying," he said.
Blanchflower said he was not surprised by last week's
emergency interest rate cut by the U.S. Federal Reserve as the
question for the U.S. economy was not whether there would be a
recession, but rather how long it would be.
He said this would have an impact on British growth and
jobs. "It is time for the MPC to lead not follow," he said.
(Reporting by Sumeet Desai, editing by David Clarke and Braden
Reddall)