- December 9th is new date for EU to come up with coordinated plan for future
- RBA expected to cut rates by 25 bos next Tuesday
- China fixes Yuan higher, at 6.3310 against the USD
- Korea bought 15 tonnes of Gold last month
- Mixed performance on regional bourses; Japan +0.5%, Korea -0.5%, Australia +1%, China -1%
- Gold $1745/oz, Oil $100/bbl
Very quiet day in Asia with all of the majors trading inside 40 pip ranges.
EUR/USD did try to move higher in early morning trade, spurred on by talk of stop-loss buy orders above 1.3530, but the market never had enough momentum to get there. Intraday longs gave up after lunch and we’ve seen a drift back to the NY closing level. Ranges: 1.3447/87
AUD/USD traders took the day off after some very busy sessions recently; range 1.0203/43
USD/JPY 77.64/87; Cable 1.5666/96; USD/CHF .9143/74