Forex trading headlines from the European morning session 29 Aug

News:

Data:

Apart from Ukraine the main focus this morning was on a raft of data including the Eurozone CPI but none has really set the markets alight and we’ve seen some scrappy two-way stuff instead.

GBPUSD had a look above 1.6600 again on better house price data but the offers between 10-20 were once again strong enough to repel and we’ve been back to 1.6585 with EURGBP month-end buying providing a few more cable sellers as I type

EURUSD has been up to 1.3196 on cross buying and slightly stronger core inflation but mostly its been 80-90 with EURCHF and EURJPY also finding sellers in the rallies

USDJPY has chewed its way up to 103.99 from 103.80 but USDCHF has been on the back foot again around 0.9140-50

AUDUSD and NZDUSD have also given up some Asian gains while USDCAD is still drawn to the bids around 1.0840 and sits delicately poised.

More data from across the pond and month-end flows in the fixings later may yet have impact.