FXstreet.com (London) - Dollar trade was mixed this session against the majors, with Euro taking the biggest loss against Greenback. General theme has moved toward risk aversion, potentially on profit-taking.
Euro has traded down over half a percentage point as doubt over Greece ability to narrow its fiscal deficit grows, and as general market sentiment moved to risk aversion, favouring the Dollar. Market will be heavily influenced by the results of the major financial players today and tomorrow.
The broad picture for the Greenback against its major partners as we head to the Asian close is as follows: EUR/USD 1.4394/98 (+0.08%), Swissy 1.0243/51 (-0.03%), Cable 1.6406/08 (+0.40%), USD/JPY 90.39/41 (-0.43%).
Nikkei gapped early around 70 bps this session but then fell under pressure to trade up just 20bps. The Japanese stock market currently trading at 10778.
London will open with little cues, but likely to downside following EUR weakness and continued move away from risky assets during reporting season. CPI figures yesterday rocked the London market somewhat and ignited inflationary fears among economists- this could pressure the BoE to raise rates.