FXstreet.com (Córdoba) - The U.S. dollar is little changed with today's FX market activity generally subdued. The euro is steady, while commodity and emerging currencies are mostly steady to stronger, showing notable resilience considering the generally soft global equity backdrop, according to the Wells Fargo team.
"Euro sentiment remains restrained however, with the specifics of further financial assistance for Greece and Spain still to be agreed", Wells Fargo says. "Unless there are new European developments in the coming days, we would adopt a broadly neutral stance on FX markets, and expect the recent choppy trading conditions to continue".
"Euro sentiment remains restrained however, with the specifics of further financial assistance for Greece and Spain still to be agreed", Wells Fargo says. "Unless there are new European developments in the coming days, we would adopt a broadly neutral stance on FX markets, and expect the recent choppy trading conditions to continue".
