Sentiment for USD is very negative today and market is looking for any excuse to sell dollars. The earlier PMI number out of China has helped push EURUSD and other commodity base currencies higher. The number was slightly worse than the previous month but a touch better than expected.
There are some offers in EURUSD between 1.4180 – 14200. In AUDUSD, the run back up with the EURUSD has stalled slightly after the Australian Retail Sales and Company Profits data. I would be a cautious seller here at 8050/60 with a tight stop above 8086.
USDJPY has seen stops under 94.80 triggered with more stops sighted under 94.40.
