ForexLive European morning news wrap - more risk aversion on North Korea tensions
Forex news for the European morning trading on 11 Aug 2017
- If UK growth surprises to the upside, rate rises on the cards - BOE's Saunders
- Low US inflation not just drugs and phone plans - Bloomberg
- Downside risks to today's US CPI - ING
- Hedge fund titan sees geopolitical risks rising
- All sides should speak and act cautiously over North Korea - China foreign ministry
- Strong demand in oil growth helps market rebalance - IEA report
- Euro to hit parity with the pound in 2018 - Morgan Stanley
- Fed to raise rates in Q4 - Reuters poll
- Is bitcoin the next safe haven asset?
- 6.6 magnitude earthquake in Philippines
- Another oil supply cut not ruled out - Saudi energy minister
- Fed buys $5.2b of mortgage bonds in week ending August 9
- Here's one of Japan's leading investment banks on US producer price data
- It's the perfect storm for USDJPY
- Italian July final CPI 1.1% y/y as expected
- Spanish July final CPI 1.5% y/y as expected
- French July final CPI 0.7% y/y as expected
- German July final CPI 1.7% as expected
The theme of the week has continued today as investors move into safer assets on the back of rising geopolitical tensions. Gold, yen and franc are all up while the yield on German 10-year bunds dropped to multi-week lows.
Most of the big moves in FX occurred during the Asia-Pac session with Europe being relatively rangebound ahead of the major release of US CPI at 8:30am NY.
Yield on the 10-yr German bund fell to the lowest since late June. It's since bounced off lows.