- Fed’s Tarullo: Need and ample room for additional measures to support demand
- France likely to lose top rating: S&P
- UK consumer confidence falls 3 points
- Japan government to spend 2 trillion to ease impact of strong Yen
- Australian export prices rise
- Japan FinMin Azumi: Expects EZS leaders to come up with strong scheme on debt issues
- Obama holds tele-conference with Sarkozy, Merkel and Cameron
- Asian stockmarkets ease late to be flat on the session; Gold +0.8% to $1627/oz
The CHF was the only mover of note today, with stops being triggered below 1.2300 in EUR/CHF, sending the cross down to 1.2205 from opening levels near 1.2330. This followed on from some hefty CHF buying late in the NY session. USD/CHF traded .8844/.8952.
EUR/USD has been jobbing around in a 40 pip range, ignoring all things to do with the EFSF and EZ debt saga. EUR/CHF stop-loss selling was the only move of note, with bids close by at 1.3760 and offers starting at 1.3820 ensuring a range bound session. Large stops reportedly outside of the 1.3650/1.3870 holding range.
AUD/USD has drifted lower on the usual risk-off Friday sentiment. Range 1.0200/60
USD/JPY 76.71/91, Cable 1.5777/1.5823
