The greenback is the weakest performing major currency on the day
While the aussie is the lead gainer, despite the fact that Asian equities are hovering near the lows heading into the last few hours of trading. The aussie was backed by positive retail sales data earlier, and the fact that China is helping to stabilise markets (the yuan in particular) has helped to provide some relief for both the kiwi and aussie too.
The dollar is weaker across the board, and with traders obeying the PBOC's warning shot overnight we're seeing the dollar also weaker against all major Asian currencies as well so far today.
Ranges in the major pairs are still narrow though, and with holiday-thin trading to come later don't expect much fireworks to come from today's trading. But then, we've all been through more surprising days.
- EUR/USD - 24 pips
- USD/JPY - 33 pips
- GBP/USD - 28 pips
- USD/CHF - 22 pips
- USD/CAD - 36 pips
- AUD/USD - 48 pips
- NZD/USD - 32 pips
