Europe Summary and Highlights 3 December
A quiet European morning saw the USD fall back a little against the riskier currencies, with EUR/USD gaining 30 pips to 1.0520 and AUD/USD gaining 20 pips to 0.6490.
European morning session
A quiet European morning saw the USD fall back a little against the riskier currencies, with EUR/USD gaining 30 pips to 1.0520 and AUD/USD gaining 20 pips to 0.6490. USD/JPY initially dipped a little but finished the session little changed near 150. GBP gained against the USD but lagged the EUR, with EUR/GBP gaining 10 pips to 0.83. The NOK was the morning’s best performer, with EUR/NOK dropping 4 figures to 11.62 and NOK/SEK gaining 0.4% to 0.9940.
The only data of note was Swiss CPI which came in a little below expectations at 0.7% y/y. EUR/CHF was steady near 0.9315.
Asia session
USD/JPY closed below 150 on Monday and is retesting it on Tuesday's Asia session. So far, U.S. Treasury Yields are little changed while JGB yields are higher, thus looks like a minor rebound on recent down move rather than a sustained move. USD/JPY is trading 0.41% higher at 150.16 as JGB yields moves away from session high.
The broad risk sentiment is positive on Tuesday's Asia session. Both regional and U.S. equity indexes are in the green with Nikkei leading the gains. The AUD/USD is down 0.13% to 0.6468, NZD/USD is down 0.25% to 0.5873 while USD/CAD rose 0.07%. Else, EUR/USD is down 0.13% and GBP/USD down 0.1%.