As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there.
Weekend China news:
China offers few details on stimulus in Saturday’s press conferenceFour of China’s biggest state-owned banks confirm mortgage rate cuts, beginning October 25China September CPI rate fell below August and below expectations. PPI slumped further.
Indicative rates, not a lot changed from late Friday level, but AUD and NZD a touch softer after the China news over the weekend
EUR/USD 1.0938USD/JPY 149.05GBP/USD 1.3073USD/CHF 0.8572USD/CAD 1.3758AUD/USD 0.6745NZD/USD 0.6102
This article was written by Eamonn Sheridan at www.forexlive.com.
