Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week.
As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come on online ... prices are liable to swing around on not too much at all, so take care out there.
The focus leading into the weekend was the meeting between US President Trump and China President Xi. A 'cease fire' has been agreed to in the trade war, which has given 'risk' a boost:
- EUR/USD 1.1359
- USD/JPY 113.81
- GBP/USD 1.2778
- USD/CHF 0.9974
- USD/CAD 1.3246
- AUD/USD 0.7375
- NZD/USD 0.6913
These are early indicative prices. Currencies generally up against the USD along the regular 'risk on' lines (higher AUD, EUR etc., lower yen … yen crosses a big beneficiary)
