Cable
gained a few points during the session while USD/CAD lost some
ground. There were no fresh catalysts to trigger the moves. News and
data flow as a whole was minor only. We got Tokyo-area inflation
(this precedes national Japan inflation data by three weeks), once
again showing core inflation well below the BOJ target.
Of
note though was a big jump for the USD/CNY reference rate for the
session (this is set daily by the People’s Bank of China), the
sustained strength of the USD across the majors board since FOMC day
was a key factor for this.
EUR,
AUD, NZD, CHF, yen – all are not a lot changed.
USD/CAD slid a few points: