FX Takes a Moment to Consolidate

Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD CHF 0.25 EUR 0.23 JPY 0.22 GBP 0.14 In the Asian session, regional equities were mixed but the weak sentiment did not spillover into FX. Looking at the Asian bourses, the Nikkei is up 0.44% on the day, the Hang Seng down 0.72%, and the Shanghai Composite up 0.25%, painting a confusing picture for things to come. EURUSD was able to drift up to 1.3281 from 1.3230, shrugging off yesterdays weaker Eurozone PMIs, but on marginal volume…. Read More …