EUR/USD continues to slide, dollar mixed overall
EUR/USD was resilient ahead of the New York open, although gains quickly attracted selling pressure.
FX Wire
Dollar treads water, nervous trading persists
The dollar is little changed overall ahead of the New York open with a mixed performance amid nervous trading conditions and a reluctance to make aggressive moves.
GBP/USD creeps higher, domestic sentiment remains weak
GBP/USD has been trapped below 1.3400 since early New York on Thursday.
EUR/USD finds support below 1.1700, positioning in focus
EUR/USD has been unable to make headway, but there has been support below the 1.1700 level.
USD/CAD supported by lower oil prices
USD/CAD consolidates around 1.2900 after hitting resistance at 1.2920
Oil prices continue to retreat with WTI dipping to $70.10 p/b
NAFTA uncertainty persists
AUD/USD makes limited headway, equities recover
AUD/USD found support near 0.7550 and advanced to 0.7580 in early Europe
After dipping on President Trump’s cancellation of the North Korean Summit, equities regained ground.
UK Q1 revised GDP 0.1%, expected 0.1%
Year-on-year growth 1.2%, expected 1.2%
Business investment -0.2%, expected 0.2%
ONS sees slower growth in consumer-orientated businesses
German May IFO index 102.2, expected 102.0
Previous 102.2
Current conditions index 106.0, previous 105.8
Expectations 98.5, previous 98.7
USD/JPY stages limited recovery, caution prevails
The Japanese currency gained fresh support in US trading on Thursday following news that President Trump had pulled out of the planned Summit meeting with North Korean leader Kim.
USD/JPY continues to move lower, Treasuries rally
USD/JPY declines to session lows at 109.00
Treasuries continue to rally,, 10-year yield declines to 2.96%
US existing home sales data weaker than expected
US equities move lower with S&P 500 index 0.7% lower