US Market Wrap: Greenback gives back some gains
- Japan: Machinery Orders 2350 GMT
- US Data released:
- American Petroleum Institute-API (Actual 2.09 m/b vs. previous -1.30 m/b)
FX markets awoke in New York, although they were more groggy than bright-eyed and bushy tailed. EURUSD and GBPUSD were offered at the start of the session but as soon as those sellers were satisfied, both currency pairs popped.
USDJPY continued the slide that was inherited from Europe.
It remains to be seen today’s data will be validated by tomorrow’s EIA data.
-- Edited by Adam Courtenay