It confirms what we already knew — that growth is slowing.
- Offers capping EUR/USD well ahead of 1.23. Asia selling since 1.2260.
- The weakness in USD/JPY is spilling in from Treasuries, which are at session lows
- AUD offers up to 1.0370, stops above 1.0380
- USD/CAD bids down to 1.0050. Could run on a break of 1.0150/60. Eyes on 1.0115 closing level
- Daily highs capping cable
We’re likely to see pullbacks and consolidation for the remainder of NY trading.