- Schaeuble wants changes made to EU treaty
- Pimco’s El-Erian says ECB should cut rates
- Australian PM has no intention of stepping down
- New Japanese FinMin, Jun Azumi
- US government set to sue 12 banks over mortgage securities
- Stockmarkets fall by 1% on average
- Gold very steady near $1830/oz
Very quiet again in Asia ahead of the NFP numbers later tonight. There has been some mild risk-averse trading in the last hour or so, with AUD/CHF falling by over 0.5%.
EUR/USD opened in Asia at 1.4260, moved higher in early trade on some small ACB buying, but has settled back at its opening level after mild risk averse trading emerged. Ranges: 1.4252/84
AUD/USD has again been the main mover with the Aussie crosses also seeing some action. Traders tried the topside first with interbank reports of large stop-losses above 1.0800 probably giving the initial direction. They were way too far away to be relevant, and profit taking allied with the mild Friday risk-averse sentiment sent the AUD down below 1.0700. Ranges: 1.0683/1.0733
USD/JPY has been comatosed in a really tight 15 pip range. Corporate offers are seen above 77.05 and bids are solid near 76.50.
Cable 1.6172/98; USD/CHF .7919/59
