- UK pay deals in line with inflation
- Rise in Chinese home prices continues to ease
- UK press reports suggest Germans trying to stall UK referendum on EU
- BOE’s Weale: Still a strong case for further money printing (FT)
- MAS sees Singapore’s inflation between 2.5%-2.5% in 2012
- Regional bourses -1.5% on average
- Gold $1726/oz; Oil $98.60/bbl
Fairly quiet session with the majors chopping around in 50 pip ranges.
EUR/USD opened near 1.3460 and traded quietly until the Asian open when lower equities encouraged some risk off selling. Bids below 1.3450 proved too strong and the pair rallied on pre-weekend short-covering as the session progressed.
AUD/USD followed a similar pattern to the EUR, opening at .9995, falling to .9968 in early trade before rallying strongly to 1.0040 on short-covering in thin markets. Solid offers above 1.0030 helped repel the buyers.
The other majors traded quietly with USD?JPY again doing nothing.
Have a great weekend all and see you early Monday morning when I’m sure it’ll be busier than now.
