The 15:00 GMT fixing has has come and gone without any fireworks. The dollar is off its highs but is maintaining a firm tone across the board, particularly against the commodity currencies. AUD strength being overdone was highlighted in the Australian popular press overnight, for what that is worth…AUD trades at 0.8600 after a dip as low as 0.8591 earlier this morning.
Japan was on holiday overnight and after an opening flurry in New York, a case of the Monday blahs seems to have enveloped the market. Grab a cup of strong brew; it could be a long afternoon.
