ForexLive European morning wrap: Good two-way trading to start the week

Author: Mike Paterson | Category: News

Forex news for European morning trading on June 19 2017


Data: None of note

A data-free and largely steady session to start the week but not one without opportunity.

Early USD demand saw USDJPY up to 111.20 from 110.95 and AUDUSD down to 0.7585 from 0.7610 helped by Moody's downgrading of Aussie banks.

Euro supply was notable from the outset too as equities opened firmer and EURGBP down to 0.8734 from 0.8760 gave a lift to GBPUSD up to 1.2815 from 1.2788 before a reversal of that move later in the session.

USDCHF came lower to test 0.9700 support/demand as EURCHF fell back through 1.0900 to 1.0866. NZDUSD enjoyed some early support but that pair also gave up gains with talk of Moody's reassessing NZ banks too.

USDCAD has found support around 1.3220 as oil slide after an early rally.

Fed's Dudley out at 12.00GMT the next risk event of note but no data.

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