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Dollar on top, Sterling and Aussie left.......>

FOREX
FOREX: Dollar on top, Sterling and Aussie left behind
-The greenback enjoyed a modest bounce in Tuesday trade, rising against all
other G10 despite equity markets slipping back into the red. JPY closely
followed the greenback as month-end flows took focus in a holiday-shortened
week.
-Sterling fell from the get-go and dropped close to 200 pips to trade at $1.4067
on month-end demand for EUR/GBP as well as anticipated M&A flows via GSK's
decision to purchase a JV stake for $13bln. Much of the earlier weakness was
absorbed ahead of the close, resulting in GBP/USD climbing back above $1.4150.
-EUR looked mixed across the board, but EUR/USD managed to re-take $1.24 after a
failed attempt to break through yesterday's lows.
-AUD traded weaker throughout the session as commodities slipped across the
board (crude, gold, silver all down near enough 1%), but AUD/USD still sits
comfortably above last week's lows.
-US tertiary GDP figures take focus tomorrow, but markets will likely brush off
the numbers as volume evaporates before the extended weekend.
Energy BulletsCommodities
Energy BulletsCommodities

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