Not good news for the commodity currencies which continue to slide…EUR/USD is outperforming for a change as AUD, CAD and GBP slide…
Reuters are reporting that China was buying below 1.0000 earlier this morning. I haven’t heard any confirmation of this yet, and it would be the first reported Panda-sighting in quite some time.
More from Bloomberg on the changing face of the global economy.
Hopes measures can stabilise markets, boost confidence, encourage EU integration Repeats support for EU efforts to overcome sovereign debt crisis
That is a big drop from 5% last month and is lower than the expected 4.4%. No reaction from the AUD/USD, trading quietly near 1.0180.