Analysts at Westpac explained that Asia’s equity weakness extended to Europe and US trade, but AUD/USD paid little attention, trading either side of 0.7400. Key Quotes: “The data and event calendar was light but there is plenty today, including Australia June building approvals, the Bank of Japan decision, Eurozone Q2 GDP and July CPI, US July consumer confidence and Q2 employment cost index.” “Risk sentiment was weighed down by another day of losses in US tech stocks. However, yields in Europe rose: 10yr German bunds +4bps and UK gilts 6bps, despite US yields continuing to hover around 2.96% for a fifth day. The notable commodity mover was oil which rose +2.0% on the back of geopolitical and supply concerns.” “The euro outperformed, EUR/USD back above 1.17, up 0.4% over the day. GBP/USD also ticked up a little to 1.3130. USD/JPY was little changed, hovering around 111.00, awaiting the BoJ decision.” “AUD/USD traded quietly, mostly 0.7390-0.7410. The kiwi outperformed in London trade, up 0.5% overall to 0.6820. Hence AUD/NZD fell 40 pips to 1.0860.” “German July CPI headline slipped to 2.0% y/y (expected unchanged at 2.1%y/y). Although harmonised CPI was unchanged at 2.1% y/y, the release, together with a miss in Spanish CPI, opens the potential for a lower read in today’s Eurozone CPI.” “US 10yr yields dipped but held around 2.97% for a fifth day, 2yr yields were a fraction lower at 2.66% while Fed fund futures were little changed, pricing about an 80% chance of a 26 September rate rise. However, European yields were higher: 10yr German bunds rose 4bps to 0.45%, UK gilts rose 6bps to 1.34%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Key US pending home sales reviewed – Nomura FX Street 5 years Analysts at Westpac explained that Asia's equity weakness extended to Europe and US trade, but AUD/USD paid little attention, trading either side of 0.7400. Key Quotes: "The data and event calendar was light but there is plenty today, including Australia June building approvals, the Bank of Japan decision, Eurozone Q2 GDP and July CPI, US July consumer confidence and Q2 employment cost index." "Risk sentiment was weighed down by another day of losses in US tech stocks. However, yields in Europe rose: 10yr German bunds +4bps and UK gilts 6bps, despite US yields continuing to hover around 2.96% for a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.