Major currencies lightly changed so far on the day

  • A quieter one to start European morning trade

The aussie and kiwi were higher earlier on, lifted by some relief from China. But they have pared the early gains now, which weren't a whole lot to begin with anyway. In the case of AUD/USD, large option expiries and some key near-term technicals are at play so there is that to consider. Here's a snapshot of dollar pairs currently:

FX 28-08

With London out today, it wouldn't be surprising to see the more tepid mood and lack of appetite carry through until US trading at least.

EUR/USD is holding slightly above 1.0800 with large option expiries also in play alongside the 200-day moving average at 1.0805. The interest thereabouts is just keeping price action within a 26 pips range for now so that isn't really saying much.

Looking at equities, US futures are now up just 0.1% so there is also a more tentative mood going around.

Top Brokers

Sponsored

General Risk Warning