Markets are not at risk off, but investors are cautious with the start of the European session. Poor US retail sales data and weakening optimism on trade talks between US and China are two key reasons why caution prevailed over the Asian session.
This pushed the Japanese yen, against USD at 110.32.
Meanwhile, the Australian dollar and kiwi have suffered slight losses, not only because of the cautiousness of the markets but also because of the disappointing data on inflation in China; PPI values return to 0%.
As for the dollar, it stayed steady after yesterday's mixed performance, where it lost its position against most of the major currencies, but rose against the pound (Brexit worries). The cross-currency changes of the dollar are less than 0.1%, with the trading range remaining relatively narrow.
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