Currency update – Dollar recovers mildly after initial weakness in an otherwise, steady markets. The surprised moves are found in yen crosses but there is no follow through selling then yen. Sterling is lifted mildly by better than expected PMI manufacturing data but again. Aussie was lifted by solid manufacturing data from China. But after all, the gains in Sterling and Aussie are so far limited. Traders’ and investors’ minds are dominated by the string of event risks later in the week and are holding their bets for the moment.
×
Comments are closed.