Currency Analyst since 2010

July 23: European session


  • Bloomberg survey showed that more economists are predicting that Chairman Ben Bernanke will trim the Fed’s monthly bond buying by $20 billion in September.
  • China’s premier Li Keqiang said 7 percent growth is the minimum policy makers will tolerate, damping demand for the safest assets.
  • The Bank of Japan reported that the foreign central banks’ holdings of yen rose to the maximal level in 10 years. It means that JPY is still popular as a safe haven.


·         Nikkei closed up by 0.82%;

·         Euro Stoxx 50 is up by 0.53%.

Economic releases:

Upcoming releases: US HPI (13:00 GMT), EU Consumer Confidence and Richmond manufacturing Index (14:00 GMT)


EUR/USD is fluctuating around $1.3190. GBP/USD declined by 40 pips to $1.5340. USD/JPY is at 100.00 handle after jumping to 100.18. 

Scroll to top