Europe Summary and Highlights 28 August
Another quiet session in Europe saw the USD marginally lower against most of the riskier currencies and little changed against the JPY and GBP.
European morning session
Another quiet session in Europe saw the USD marginally lower against most of the riskier currencies and little changed against the JPY and GBP. EUR/USD and AUD/USD were both up 10 pips to 1.1650 and 0.6520 respectively, and USD/CAD fell 10 pips to 1.3775. The SEK was the best performer, with EUR/SEK losing 2 figures to 11.07, helped by modest improvements in business and consumer confidence indices in August.
Eurozone data was weaker, with The European Commission business and consumer survey falling slightly on the month, and M3 growth rising slightly less than expected to 3.4%. But the data was not far from consensus and had no real impact.
Asia session
The USD is trading broadly softer to start the Thursday’s trading session. There hasn’t been major headlines so far but Nvidia’s earning beats estimate and CEO Huang being bullish on China. USD/JPY is trading 0.16% lower at 147.15.
The broad equity space is performing individually with choppy regional and U.S equities in the green. AUD/USD is trading 0.11% higher at 0.6512, NZD/USD is trading 0.06% higher at 0.5862 while USD//CAD slides 0.1%. Else, EUR/USD is up 0.02% and GBP/USD is up 0.06%.