North American Summary and Highlights 6 Jan
Overview - The USD was mostly slightly stronger on a day with limited news, though AUD/USD held up.
North American session
In a session of limited news the USD was generally a little stronger, EUR/USD falling to 1.1690 from 1.1710, and USD/JPY rising to 156.60 from 156.40. EUR/GBP was little changed as GBP/USD fell to 1.35 but EUR/CHF advanced to .93 from .9280. USD/CAD advanced to 1.38 from 1.3770 but AUD/USD was able to make modest gains, advancing to .6740 from .6725, as AUD/CAD reached .93 from .9250.
European morning session
The USD gained a little ground through the European morning, primarily against the riskier currencies. EUR/USD lost 30 pips to 1.1710, with GBP and AUD keeping pace, while USD/JPY rose only around 20 pips to 156.50. Otherwise, NOK/SEK gained 25 pips to 0.9175.
European data was slightly on the soft side of consensus, with both French and German inflation numbers coming in slightly below expectations, and the final Eurozone PMI revised lower, mainly due to weakness in Italy.