Europe Summary and Highlights 15 September
The USD was generally a little weaker through the European morning.
European morning session
EUR/USD gained 15 pips to 1.1745, and USD/JPY fell 10 pips to 147.35. GBP was slightly the best performer, with EUR/GBP dropping around 7 pips o 0.8640. USD/CAD was marginally lower but AUD/USD was unchanged.
There was very little news of any note. Datawise German WPI and Swiss PPI for August were both weaker than expected on the month, both dropping 0.6%. The Eurozone trade surplus was a little larger than expected at EUR12.4bn in July.
Asia session
The beginning of a likely turbulent week is always quiet. We have remarks from Trump that he is willing to impose sanctions on Russia, yet he is also calling the European allies to do the same. USD is performing individually against majors. USD/JPY is trading 0.14% lower at 147.43.
The risk mood improves throughout the Monday's Asia session as the U.S. and China continue the trade talk on Monday after the weekend negotiations. Mixed Chinese data initially dragged regional sentiment but soon it rebounded on hopes of more stimulus. AUD/USD is trading 0.22% higher at 0.6665, NZD/USD is trading 0.09% higher at 0.5962 while USD/CAD slips 0.06%. Else, EUR/USD is down 0.02% and GBP/USD is up 0.04%.