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6 Aug 2013
EUR/USD flat as European stocks open lower
FXstreet.com (Barcelona) - EUR/USD is close to flat on the day as European stocks opened slightly lower, following a mixed showing in Asian markets.
Having ranged overnight, EUR/USD has been largely unaffected by cash equity price action during Asia and Europe. Asia stocks closed mixed with the Nikkei up 1%, the Hang Seng down -1.34% and the SSE 300 up 0.67% at the close. Overnight news centered around the RBA´s decision to cut rates to 2.5%, a move lauded as some as a boost to the global risk bounce.
Europe cash equities opened lower, with the Eurostoxx 50 just moving into positive territory at 0.04% at 2,810.33, the DAX down -0.06% at 8,393.20 and the FTSE 100 down -0.23% at 6,604.57. Today´s European economic calendar has been light on data, but seen improvements in Italian Industrial output and UK Industrial and Manufacturing Production. German Factory orders and Canadian exports await but amongst lighter US data lies the NIESR UK GDP estimate. Currently US futures are close to flat with the DJIA and S&P 500 both down -0.3% but the NASDAQ up 0.6%.
Having ranged overnight, EUR/USD has been largely unaffected by cash equity price action during Asia and Europe. Asia stocks closed mixed with the Nikkei up 1%, the Hang Seng down -1.34% and the SSE 300 up 0.67% at the close. Overnight news centered around the RBA´s decision to cut rates to 2.5%, a move lauded as some as a boost to the global risk bounce.
Europe cash equities opened lower, with the Eurostoxx 50 just moving into positive territory at 0.04% at 2,810.33, the DAX down -0.06% at 8,393.20 and the FTSE 100 down -0.23% at 6,604.57. Today´s European economic calendar has been light on data, but seen improvements in Italian Industrial output and UK Industrial and Manufacturing Production. German Factory orders and Canadian exports await but amongst lighter US data lies the NIESR UK GDP estimate. Currently US futures are close to flat with the DJIA and S&P 500 both down -0.3% but the NASDAQ up 0.6%.