The Dollar was firmer against its major European rivals in overnight trading. The main reason for the risk aversion were downbeat comments from rating agencies on Europe and the UK, and a dissipation of the rally started from last Friday’s non-farm payroll report. In Tuesday’s overnight trading stocks were lower…

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European Summary – Pound and Euro Slide vs Dollar

On Monday, most major currency cross rates were locked in rather tight ranges as there were no follow-through gains on the post-payrolls investor optimism. EUR/USD retuned part of Friday’s gains.

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Currency Markets Taking A Breather As Post-Payrolls Rally Slowed

A muted session overnight with few data releases of note to drive sentiment and direction. EUR was mildly positive at the onset as a result of leftover bullishness from Friday’s move, but barely managed above 1.37 versus the USD before reversing. German industrial production was below forecast (+0.6% m/m vs….

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Risk Appetite Lacks Follow-Through In A Lackluster Asian Session