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Markets slightly choppy but largely muted.....>

FOREX
FOREX: Markets slightly choppy but largely muted in holiday-thinned trade
-With US traders taking the day off for Independence Day celebrations, volume
and liquidity has thinned, leading to slightly erratic, but contained, price
action. CNH and CNY improved for a second session, with markets speculating
further that state banks may be selling USD to cool the upward momentum of
USD/CNY. USD/CNH broke below, and holds below, the Cnh 6.65 mark at writing.
-SEK's the best performer in G10 today for the second consecutive session.
Yesterday's hawkish Riksbank decision still dictating trade, but a strong
services PMI number also helped USD/SEK briefly break the 50-dma on the way
lower.
-GBP/USD was boosted back into positive territory courtesy of the best Services
PMI number since October, holding above $1.32 as EUR/GBP pressed through the
200-dma at Gbp 0.8822.
-CAD and EUR are the weakest so far, but both sit well within recent ranges
ahead of risk events later in the week, namely the FOMC minutes and Friday's US
payrolls.
Energy BulletsCommodities
Energy BulletsCommodities

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