EUR/USD, SEK Flows: Dollar marks lower, eyes negotiations for traction

The typical kneejerks to the weekend news as the market waits to see if the pause in strikes offers a platform for a lasting halt in tit-for-tat exchange escalations or it just marks a breather. Some press report that it has been running low on munitions (dismissed by the US)  and this may have been an influence. Either way, it provides a halt to the Iran shipping attacks while it holds and oil is off around 5%, the S&P future has regained 1% after testing important s/t support at the end of last week, and the dollar has given back up to ½ % against the higher beta counters (SEK). EUR/USD likewise finds itself back at clos to that familiar 1.14 pivot point. Next key consideration is whether negotiations (given ‘some space’ by the pause) show any traction.

This morning sees M3 and IFO data out of Germany/EZ and CBI trades in the UK.