The USD has seen some across the board weakness in Asian trade, EUR/USD up at 1.4130 from a North American close Thursday around 1.4065, while cable is up at 1.6545 from around 1.6490.
There are expectations of month-end USD sales versus likes of EUR, GBP, CAD and AUD lined up for todays fixings.
Also the markets will have noticed a WSJ article entitled “Bond worry; will China keep buying?”, which highlights worries the US government can continue to attract buyers for it’s treasury notes from China and elsewhere.
Risk appetite remains in good shape, Asian stocks posting decent gains. Japanese exporters stepped in to avail themselves of elevated USD/JPY levels.
Main focus today release of US Q-2 GDP data later this afternoon.
Ahead of that we have some European data;
09:00 GMT: Italian CPI (July) expected +0.1% m/m, +0.1% y/y
09:00 GMT: Italian EU harmonised CPI expected -0.7% m/m, +0.4% y/y
09:00 GMT: Italian PPI (June) expected +0.2%, -7.5% y/y
09:00 GMT: Euro zone CPI (July) expected -0.4% y/y
09:00 GMT: Euro zone unemployment (June) expected 9,7% up from 9.5%
09:30 GMT: Swiss KOF leading indicator (July) expected -1.45 from -1.65
