- US wholesale sales -0.1% vs +0.7% exp
- BOE’s Broadbent: I’d vote for more QE if needed
- RTRS poll: Economists see 65% chance of QE3 vs 60% in Aug
- US median household income falls for second year
- US import prices +0.7% vs +1.4% expected
- Greek aid decision could be delayed until November: Dow Jones
- China has “intensified cooperation” with EFSF- Official
- Continued rumors about Xi Jinping’s health
- BOJ concerned about slowing exports, Nikkei says
- ESM Can’t have banking license: Schaeuble
- Germany’s Schaueble: Don’t count on the ECB for an easy way out
- Spanish 10yr yields -7 bps to 5.63%
- S&P 500 touches fresh 4-year high up 0.2% to 1437
- EUR leads, CAD lags
This session was as disappointing as the release of the iPhone 5. EUR/USD came off the highs before US trading got underway and continued down to 1.2876. Afterwards, it was a 30-pip range on either side of 1.2895.
Cable found buyers well-ahead of the Asian low, catching bids at 1.6080 and rebounding to 1.6115, with M&A talk sprucing up the move.
Slumping US bonds (higher yields) helped USD/JPY but the pair fizzled at the Asia high of 77.96, ahead of offers at 78.00.
USD/CAD was the only trending pair in the session, creeping to 0.9767 from an early 0.9765.
Gold flat at $1733.
