Europe Summary and Highlights 30 September
EUR/USD gained around 20 pips through the European morning, rising after the German CPI data come in weaker than the published median, though probably not as weak as expected after the very low French and Spanish CPI data last week.
European morning session
EUR/USD gained around 20 pips through the European morning, rising after the German CPI data come in weaker than the published median, though probably not as weak as expected after the very low French and Spanish CPI data last week. EUR/USD reached a high at 1.1209 before slipping back below 1.1190. EUR/GBP also rose a little, reaching 0.8350, although the gains came after the German CPI data rather than the downward revision to the UK Q2 GDP data seen early in the session. The EUR was also higher against the scandis and the CHF, with EUR/CHF rising around 50 pips to 0.9445 after trading below 0.94 overnight.
USD/JPY went the opposite way, rising around 80 pips to 142.60 after losing ground in Asia as the Japanese markets reacted to the appointment of Ishiba as the new PM, having been closed at the tome of the announcement on Friday. AUD/USD slipped back from the highs above 0.6940 seen in Asia.