North American Summary and Highlights 9 August
Overview - In a very subdued day’s trading AUD and JPY saw marginal slippage, but most pairs saw little change.
North American session
In a quiet session USD/JPY saw an early dip to a low of 146.27 from around 147 before correcting back above 146.50. EUR/USD was confined to a tight range around 1.0920. GBP/USD was slightly more volatile, bottoming at 1.2726 before peaking at 1.2774, but ended little changed near 1.2760.
The only significant data as an unexpected 2.8k decline in July Canadian employment, though the unemployment rate remained unchanged at 6.4%. USD/CAD slipped to 1.3730 from 1.3745 despite the weak data while AUD/USD was little changed near .6575, sustaining European losses.
European morning session
The USD was generally little changed in a quiet European morning. The AUD and JPY were marginally softer, but there was little movement in the EUR or GBP. EUR/NOK did manage a brief move lower after the Norwegian July CPI data, which came in essentially in line with expectations. But the initial move lower was quickly reversed.
Otherwise there was little news of any note.