HALISTER1: INSIDE G-10: Euro Firms Ahead of ECB; Yen Strengthens; USD Slips

INSIDE G-10: Euro Firms Ahead of ECB; Yen Strengthens; USD Slips

(Bloomberg) -- EUR/USD creeping higher ahead of today’s ECB meeting and press conference; click here for preview.
  • Euro’s bull run unlikely to be interrupted by ECB, Morgan Stanley says
  • Draghi decision on ECB QE program coming, if not now then soon
  • USD/JPY downtrend this week reinforced as July current- account surplus exceeds 12-month moving average; click here for chart
  • AUD/USD gets modest boost from China trade data showing surge in imports
  • Aussie corporate demand keeps pair above 21-DMA at 0.7622
  • BBDXY down 0.15% to 1,169.66
  • WTI crude oil rising for fourth day, up 1.8% to $46.30/bbl
  • GBP/USD ticks higher after Aug. RICS house price index jumps more than forecast
  • NOTE: Mark Cranfield is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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