Lots of action in the crosses overnight with the JPY and CHF in demand again and the AUD and GBP falling heavily. The pound was hurt by more poor economic data and the sell off in PMs will have hurt AUD sentiment. The USD failed to make any ground against the EUR and fell to record lows against the CHF; the fact that the market avoided buying USD across the board despite the big fall in Silver is a strong indication of it’s collective thinking.
Japanese financial markets will be closed again today.
Good luck today.
