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Daily FX Market Commentary
Good morning, LMAX Close Wellington open USDJPY 118.517 118.50-52 | EURUSD 1.18427 1.18255-47 | EURJPY 140.346 140.055-705 | AUDUSD 0.82036 0.8201-09 | NZDUSD 0.78335 0.7810-50 | USDCAD 1.18627 1.1853-79 | EURCHF 1.20098 1.2010-115 | USDCHF 1.01422 1.01305-795 | GBPUSD 1.51594 1.5165-87 | EURGBP 0.78116 0.7803-245 |  Interbank Ranges as of 6am London time Highs   […]
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Softer Wage Growth Inspires Mild Profit Taking
While Friday’s US NFPs and unemployment were better, softer wage growth was the key standout and has been sourced as the primary driver for mild profit taking on Dollar longs on the expectation this will keep the Fed from getting too aggressive….