Forex news from the European morning session 4 August

News:

Data:

Another slow session leaves us none the wiser

The Aussie $ continued its post-RBA rally and has now tested 0.7400 as I type with AUDNZD also higher and taking out offers at 1.1200

EURUSD has made steady progress to 1.0981 currently from 1.0945 with EURGBP finding a bid to post 0.7046 helped by weaker UK construction PMI. GBPUSD dipped to lows of 1.5580 only to nudge its way back to where it started around 1.5600

USDJPY has been pinned around 123.95 for the most part and USDCHF had a run lower to 0.9670 from 0.9700 only to edge back up there

USDCAD has had a decent move to 1.3115 from 1.3170 on firmer oil price before bouncing to 1.3145 and NZDUSD has found support at 0.6560 and staged a solid rally to 0.6612, with AUDNZD flows having their say

US factory goods orders at 14.00 GMT should have impact but otherwise we can expect more slo-mo in these summer markets