US CPI rises 0.6% in August, core rises 0.1%. Core falls to 1.9% y/y from 2.1% prior
US retail sales rise 0.9% in August; most of rise due to price of gasoline
US industrial production falls 1.2% in August; much weaker than forecast
University of Michigan consumer sentiment index rises to 79.2 from 74.3
US business inventories rise 0.8% in July
Protestors break into US embassies in Tunisia and Sudan
Jean-Claude Trichet praises Draghi"s OMT plan
US Marines being sent to Yemen to protect embassy
ECB's Asmussen warns against complacency on reforms from governments since interest rates have fallen
IEA chief: Oil prices unbearable for consumers
Monti/Merkel congratulate one another on a good week for the euro
Egan-Jones cuts US rating to AA- from AA
S&P closes up 0.4% at 1465
US 10 year note rises 15 bp in yield to 1.87%
A very strong early session for risk assets with EUR/USD extending its gains to 1.3169 and cable to 1.6254 before some pre-weekend profit-taking set in.
USD/JPY and EUR/JPY were big movers today as short-positions in those pairs were covered and EUR/JPY broke through and close well above its 200-day moving average at 101.75. It reached 103.00 before closing at 102.82.
Closing levels:
EUR/USD 1.3122
USD/JPY 78.35
GBP/USD1.6230
AUD/USD 1.0555
EUR/JPY 102.82
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