FX Turnover slips in July

Data from ThomsonReuters show that FX volumes on their trading systems fell from $132 billion in June to $118 billion in July emphasising the holiday thinned markets. Elsewhere volumes also suffered on the CME falling 14% in July from June. We all know that markets with less volume are more volatile, but this scenario will probably continue until we get to September

Eur/Usd is grinding higher as US stocks also move higher. Offers are still seen in the 1.4430/35 area