XE Market Analysis: Europe – Sep 06, 2017

Narrow ranges have prevailed during Asian trading in to the London interbank opening. The USD index is net unchanged, and both EUR-USD and USD-JPY are near their respective New York closing levels of yesterday. AUD-USD provided some colour, taking a 40-plus pip dip after Australian Q2 GDP came in slightly below expectations, albeit at a robust growth pace of 0.8% y/y, up from 0.3% q/q in Q1, and marking the 26th consecutive month of expansion. The Aussie dipped to a low of 0.7978 before settling around 0.7990.

Source: XE news feed
XE Market Analysis: Europe – Sep 06, 2017