Europe Market Open: USD not really enjoying the summer
|Apparently, the positive news from the US cannot last that long. After a great NFP report, the poor retail sales poured cold water on any rate hike hopes. The greenback retreated and attempted to stabilize on safe haven flows. However, it seems like plain weakness, accompanied by rising oil prices and the notion that the Fed will continue easing. We now get the meeting minutes. The yen continues enjoying flows related to the disappointment from recent measures. The pound faces tests: we finally get some hard data. And while EUR/USD looks better, ranges still remain very limited. Commodity currencies are relatively upbeat.
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