- Chinese CPI rises more than expected
- Retail sales remain strong
- Yuan set at new record high
- Australian unemployment rate rises to 5.4% as more people enter workforce market
- Japanese machinery orders fall again
- Cisco shares fall heavily after the bell
- Regional bourses +0.5%
- Gold steady at $1405/oz
- Geithner: US would not weaken USD in order to grow economy
- Moody’s upgrades China’s rating to AA3
EUR/USD closed in NY around 1.3770 and has moved slightly higher as risk generally returned to financial markets. There have been no major developments in the EUR and traders have avoided new positioning ahead of the G20. Ranges: 1.3756/1.3820
Cable has been quite well bid through the session but standing sell-orders around 1.6175 have stalled any further advances. Ranges: 1.6108/70
The AUD has been the most volatile of the majors. It rallied strongly on the headline jobs number but the fell immediately when the unemployment rate sank in. The entire range was seen in about 10 minutes. Ranges: .9990/1.0086
USD/JPY has again been totally dead in an 82.05/34 range.
