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  • North American Edition2016-07-22 11:09 UTC

    The pound came under pressure following the release of flash July PMI data for the UK, the first major survey to fully encapsulate post-Brexit vote conditions, which showed a sharper than expected dive in activity that is consistent with a Q3 GDP contraction of -0.4% q/q. Cable lost over 170s pips in making a 1.3108 low, and the pound dove against other currencies. Other pairings were relatively steady. EUR-USD maintained a narrow range in the low 1.10s, ... Read More 

  • European Edition2016-07-22 06:23 UTC

    The main forex pairings saw narrow ranges in pre-Europe trade in Asia, EUR-USD holding in the low 1.10s and USD-JPY near 106.00, the latter settling well off the six-week peak seen yesterday at 107.49. There was some weakness in commodity currencies, which was a consequence of global equity markets turning lower, which in the case of Wall Street follows a run of nine-straight higher highs. USD-CAD ticked higher, making a 10-day peak at 1.3114, and while ... Read More 

  • Asian Edition2016-07-22 18:00 UTC

    The dollar was broadly higher in N.Y. trade on Friday, taking EUR-USD to one-month lows of 1.0956, and USD-JPY up to 106.40. Cable scraped along on either side of 1.3100, falling after a dismal flash U.K. PMI number. USD-CAD fell early on the back of warmer Canada CPI and firmer retail sales, bottoming at 1.3056, though ultimately rallied to near two-month highs in concert with WTI crude's drop to two-month lows. Flash U.S. manufacturing PMI was better ... Read More 

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