- Japanese business sentiment falls sharply
- China reports better-than-expected trade balance
- Market awaits Chinese rate hike
- Regional stockmarkets fall by around 0.5% on average
- Still no agreement on US tax cuts
- Gold $1390/oz, Oil $88.50/bbl
It has been an extremely slow day in Asia with no movement or news worth talking about.
EUR/USD closed in NY at 1.3240 and has traded 15 pips either side of this in totally listless trade. The story has been similar for all other pairs.
Ranges: EUR/USD 1.3223/56, USD/JPY 83.68/86, Cable 1.5750/84, AUD/USD .9828/57.
Have a great weekend.