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It has been a fairly lacklustre session for...>

FOREX
FOREX: It has been a fairly lacklustre session for the major FX space, with the
USD now on a more neutral to slightly stronger footing after some early, albeit
modest, USD weakness.
- EUR/USD ran out of steam ahead of resistance in the $1.1700 region.
- USD/JPY has edged higher, alongside the Nikkei 225, although risk appetite has
been limited as Chinese stocks failed to follow Wall St. higher, with the yuan
trading a touch softer last.
- Elsewhere CAD has failed to extend on Monday's gains against the greenback, as
questions remain re: Canada accepting the bilateral terms hashed out by the U.S.
& China in their trade deal.
- The Antipodeans have stuck to narrow ranges, but sit 10-20 pips lower against
the USD.
- Attention shifts to US trade balance data and consumer confidence numbers for
August on Tuesday, as well as ECB's Praet, who participates in a panel
discussion.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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