Forex news for European morning trading on July 17 2017
News:
- China's Xi says they will maintain stable yuan
- Merkel says open markets are of "urgent significance" to Germany
- GBPUSD holding 1.3050 in a gentle retreat
- Forex option expiries for 14.00 GMT cut 17 July
Data:
A very quiet start after last week's fun and games has seen a few euro buyers and pound sellers emerge but no fireworks.
Little for desks to feed off with the only data highlight, final Eurozone CPI, providing little of note and no rhetoric to light any fuses either.
GBPUSD has drifted down to 1.3058 from 1.3080 after 1.3112 highs in Asia with EURGBP nudging back up to 0.8778 from 0.8760.
EURUSD has drifted up to 1.1464 after a dip to 1.1435 while EURJPY has tested 129.00 but USDJPY has made its way down gently to 112.44 from 112.75
USDCHF has made a steady retreat to 0.9610 from 0.9650 with EURCHF falling to 1.1020 as I type.
AUDUSD, NZDUSD and USDCAD have all traded tightly but with dip demand.
US NY Empire State mftg index the only data risk of note to come at 12.30 GMT. No CB talking heads scheduled.
