The yuan is flat at 6.6694 and the other emerging market currencies we follow have a slight firmer tone this morning, especially the rupee and rupiah.
The economic agenda is busy, Japanese services PPI climbed 0.2 percent, data out later includes German import prices, EU M3 money supply, private loans, UK realised sales, US house price index, consumer confidence and Richmond manufacturing index. FOMC member Stanley Fischer is also speaking – he tends to be fairly neutral on the… Read More
Precious metals were generally weaker with gold prices little changed at $1,338.15, while the rest were off by around 1.1 percent. Another mixed performance in the base metals on Monday, with nickel closing off 1.6 percent at $10,465 and copper closing down 0.2 percent at $4,844.50, while the rest of the complex shook off earlier losses to close higher, led by a 1.5 percent rebound in lead and a 1.4 percent gain in aluminium to $1,660.
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