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30 Sep 2013
Flash: EUR/USD pressured by bad news on both sides of the coin - BMO Capital Markets
FXstreet.com (Barcelona) - Greg Anderson, Global Head of FX Strategy at BMO Capital Markets notes that overnight price action has taken on a general theme or risk aversion.
Key Quotes
“US equity futures are down about 0.8%, while the US 10Y yield is down about 2bp. Among the FX majors, the biggest mover is JPY, which has appreciated about 0.4% on the back of risk aversion.”
“The EUR/USD pair has bad news on both sides, so markets have a less-clear signal,but it has traded slightly lower since Friday’s American close. USD/CAD has continued to hover in a tight range around 1.03.”
Key Quotes
“US equity futures are down about 0.8%, while the US 10Y yield is down about 2bp. Among the FX majors, the biggest mover is JPY, which has appreciated about 0.4% on the back of risk aversion.”
“The EUR/USD pair has bad news on both sides, so markets have a less-clear signal,but it has traded slightly lower since Friday’s American close. USD/CAD has continued to hover in a tight range around 1.03.”