Forexlive European wrap: Mild risk aversion evident

Author: Gerry Davies | Category: News

When I say ‘mild’ I mean MILD.  Well at least so far.  Eurostoxx 50 off around -0.3%, benchmark 10 year treasury yield down at 1.6885% from the 1.7161% I jotted down first thing.

EUR/USD down at 1.3050 from early 1.3085.   Tried to rally early but ran into solid offers at 1.3100.  Talk of decent ‘Swiss’ interest to sell up there.  Early talk had buy orders clustered down at 1.3040/50 and they’re just about holding the line.

USD/JPY down at 83.30 from early 83.60.  Talk of sell orders clustered up at 83.70/00 ahead of 84.00 barrier option interest.

Cable marginally lower at 1.6120 from early 1.6140.