| Published: July 30, 2010 6:26 AM | | | There has been a clear retrenchment of risk appetite this morning. This may be related to month end activity but is also likely a function of disappointing Japanese economic data overnight, dovish remarks from the Fed’s Bullard and fears that this afternoon’s US GDP release could further undermine optimism with respect to the strength of the US economy. Having pushed up to USD1.3090 early in the European session, the EUR has been toppled back below the 1.3000 level. USD/JPY has registered a fall to 86.20 while EUR/JPY is pushing below 112.20. » Read More | |
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