I believe Gerry might say ‘well, he would say that, wouldn’t he’…..
A quiet early European market is little changed EUR/USD 1.3330, USD/JPY 84.72, Cable 1.5674 and USD/CHF trading at the low 0.9815 ( hearing large stops below 0.9800)
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Japanese Govt Spokesman Sengoku ‘No Comment’ on FX intervention
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China still has room to ease as inflation remains below target, BofA says This is CNY-negative at the margin and supportive for liquidity conditions.
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Some retracement gap filling happening in Asia trade. But not for oil. Oil gapped up, risk gapped down in early Monday trade after US-Iran talks collapsed on the weekend.
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Recap - Orbán ousted as Hungary shifts toward EU alignment in election shock Hungary’s election ousted Orbán after 16 years, boosting prospects for EU alignment and policy cohesion.
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PBOC sets USD/ CNY reference rate for today at 6.8657 (vs. estimate at 6.8395) PBOC CNY reference rate setting for the trading session ahead.
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