Forex headlines for September 9, 2014:
- Rumors about the latest Scotland referendum polls
- EU formally adopts new sanctions against Russia
- ECB Nowotny: Inflation in eurozone still very low
- US July consumer credit $26.00B vs $17.35B expected
- July 2014 Canadian building permits rise to 11.8% vs -5.0% exp
- More than one ECB member voted against ABS plan says Lautenschlaeger
- August 2014 US employment trends survey 121.29 vs 120.62 prior
- USDJPY trades at highest level since October 2008
- S&P 500 down 6 points to 2002
- Gold down $13 to $1255
- WTI crude down 19-cents to $93.10
- USD leads, GBP pummeled
London traders might have felt like the US dollar rally was over when they left the office but it was still just warming up. A late-day surge boosted the US dollar across the board and sent it to session highs right across the board. We finish the day close to those levels.
The USD buying started in USD/JPY and then spread elsewhere as the dominoes continued to fall. Eventually, EUR/USD broke in a flurry of selling down to 1.2880.
FX performance