FXWW News/Open/Wrap

Focus remains firmly on the crosses

  • Significant reports that China was selling NZD/USD in overnight trade near .8270
  • AUD/NZD support at 1.0730 was tested and held firm;
  • EUR is pretty much unchanged after an ‘as expected’ ECB;
  • GBP remains strong and there seems little need to challenge this trend at the moment;
  • The JPY remains heavily oversold against many other majors but as yet no sign of a massive buy-back;
  • CAD stays weak and depending on what happens at the NFP later today, a move to 1.10 in USD/CAD seems to be on the cards.

 

  1. Hi Sean, I have never been a member of your Reuters chat group but i do have a log in. Would you be happy to let me join. I will send you the details to your email.

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