FX: European open; The dollar is trading flat to modestly higher against
the majors into early European trade Tuesday. The dollar is little
changed form late NYC levels against the euro and sterling, but has eked
out modest gains against the yen. Dollar-yen was last at Y92.60, the
upper end of the session's narrow Y92.39/71 trading range as Goto-bi
Day demand flows were seen at the fix. Flows overall though were
described as muted, with traders reporting offers layered from Y92.75 to
Y93.00. Euro-dollar was last at $1.3470, just off the overnight lows of
$1.3467, with players awaiting further concrete news out of Greece.
Sterling was little changed, with polls still pointing to a hung
Parliament in the UK. Cable was under pressure in early Europe, breaking
out of its overnight range of $1.5315/43, currently around $1.5307.
Aussie was the standout performer overnight, boosted by hawkish RBA
Minutes, making decent ground against the Kiwi after NZ released softer
than expected inflation data. The boost to risk was tempered by a
suggestion that China could impose further curbs on the property market.
Provided by: Market News International
the majors into early European trade Tuesday. The dollar is little
changed form late NYC levels against the euro and sterling, but has eked
out modest gains against the yen. Dollar-yen was last at Y92.60, the
upper end of the session's narrow Y92.39/71 trading range as Goto-bi
Day demand flows were seen at the fix. Flows overall though were
described as muted, with traders reporting offers layered from Y92.75 to
Y93.00. Euro-dollar was last at $1.3470, just off the overnight lows of
$1.3467, with players awaiting further concrete news out of Greece.
Sterling was little changed, with polls still pointing to a hung
Parliament in the UK. Cable was under pressure in early Europe, breaking
out of its overnight range of $1.5315/43, currently around $1.5307.
Aussie was the standout performer overnight, boosted by hawkish RBA
Minutes, making decent ground against the Kiwi after NZ released softer
than expected inflation data. The boost to risk was tempered by a
suggestion that China could impose further curbs on the property market.
Provided by: Market News International
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