Written by FastBrokers House
Once again Asia has preferred to sell the USD with USD/JPY the lead pair. Stops below 83.40 and 83.25 were triggered in thinner trading conditions due to the Tokyo holiday. Ranges: USD/JPY 83.07/57, EUR/JPY 108.94/109.60
The AUD continues to make gains as corporate buying shows little sign of relenting. Range: .9985/1.0023
Sterling fell early as the market was frightened by the Fisher interview but it has subsequently bounced back as the USD was broadly sold off. Ranges: Cable 1.5385/1.5423, EUR/GBP .8502/16
EUR had a mainly quiet session, moving higher on the USD selling but also being buffeted by EUR/JPY and EUR/CHF selling. Ranges: EUR/USD 1.3097/1.3127, EUR/CHF 1.2462/91
Market Commentary provided by FastBrokers.
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