European Summary and Highlights 9 August
The USD was generally little changed in a quiet European morning.
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.
Asia session
Without the presence of BoJ speakers, USD/JPY originally rose on follow through overall momentum. As session progress, early gains of USD dissipates broadly. USD/JPY is trading at 147.19 after testing session high at 147.81.
Market sentiment is broadly positive on Friday. Regional equities are outperforming U.S. three major equity indexes. Regional sentiment seems to be faring better after July Chinese CPI coming in stronger than June and beats estimate. also suggest improving Chinese consumer sentiment. The Kiwi is leading majors against the USD to trade 0.22% higher at 0.6027, AUD/USD is trading higher at 0.6594 while USD/CAD slips to 1.3732. Else, EUR/USD is trading at 1.0921 and GBP/USD is trading higher at 1.2755.