- Beige book: Economy slowing
- Bernanke says Europe “not close” to solution
- US housing starts 760K vs 745K exp
- BOC forecasts gradual hikes through 2014
- Swiss economy min endorses EUR/CHF peg
- IMF tellin‘ the ECB what to do
- Advisory firm says Japan ready to act on USD/JPY
- Goldman sees Fed extending guidance
- Central bankers will meet on Libor on Sept. 9
- AUD/USD hits highest since early May
- Oil touches $90 for first time since May
- AUD leads, euro lags
- S&P 500 gains 0.67% to 1373
EUR/USD limped into US trading, hovering around the daily low at 1.2215 but sentiment climbed on corporate earnings and risk trades came to life. After a quick pop to 1.2260, taking stops along the way, it was a slow grind to 1.2282 afterwards.
The overall trade resembled a QE3 bid as the US dollar slumped broadly. USD/JPY fell to 78.78 despite an advisory report saying Japan could intervene. The driver was a decline in US yields.
The Australian dollar was the star performer of the session, starting at 1.03 then punching through offers at 1.0325 and against above offers ahead of 1.0350. Last at 1.0370.
A hearty salute to Sean Lee, who is leaving ForexLive.
