Forex Flash: FX Consolidating after big moves – BBH (Barcelona) - After outsized moves in the foreign exchange market yesterday, a consolidative tone has emerged with a few exceptions note Brown Brothers Harriman analysts.

Looking at the price action they note that the dollar is mostly stronger on the day after yesterday’s large moves. EUR/USD stabilized above the $1.3250 level after yesterday’s huge rally. Sterling is trading just above $1.61. USD/JPY is holding around the 89.0 level. Asian stocks were mixed, but the Shanghai index sold off by 1.8%. Euro Stoxx is flat, as are US equity futures.