The US dollar is mostly firmer, though the Australian and New Zealand dollars are resisting the pull.
The euro is trading in almost a 15-tick range on both sides of $1.16, and even with a Gilts rally spurred by lower-than-expected inflation, sterling is struggling to recapture $1.34.
The yen has fallen for the past seven sessions and is little changed now, in a narrow band around JPY159. There has not been intervention, but the market knows it is tempting officials.
Asia-Pacific equities sold off today. The regional MSCI Index fell for the fourth consecutive session. Indian equities were a notable exception.
Europe’s STOXX 600 is higher for the third session, which, if sustained, would be the longest rally since the Middle East war began.
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The US dollar (DXY) is mostly firmer, though the Australian and New Zealand dollars are resisting the pull. The euro is trading in almost a 15-tick range on both sides of $1.16, and even with a Gilts rally
