- Coene says exceptional circumstances warrant new measures , conditionality is essential for bond plan , gov. council will decide whether to terminate purchases . Must intervene to make policy work -MNI
- Australia construction index fell 0.4 points to 32.2 , another weak Aussie number .
- Australia July trade deficit widened to A$ 560 mln . with a June revision of a 227 mln deficit from a 9 mln surplus. repeat above , another weak number.
- Japan FinMin Azumi says government will run out of money by end of November. Will restrict fiscal 2012 spending -MNI
- Japan August FX reserves rise -MNI
Market did what was expected of it today as it consolidated around closing levels with the exception of the AUD/USD (again ). Weak numbers were dismissed and AUD/USD bounced above the 1.0300 again . President Obama failed to give us here at ForexLive the double wink indicating that the non-farm payrolls were going to be exceptional .
EUR/USD narrow range reaching a high of 1.2642 and low 1.2626 , offers above at 1.2660 with bids starting 1.2570/80.
USD/JPY the usual 10 pip range except higher 78.86/96 says it alll.
AUD/USD tried testing lower (1.0276) after construction index and trade number disappointments but failed to follow through . Confused shorts ran for cover sending it back above 1.0300 to a high of 1.0310. Offers close at 1.0320/30 .
TGIF and Have a Good Weekend .
