CAD, CHF and GBP heavy, USD and JPY book small victories
All in all we’re inside ranges, but noteworthy CAD couldn’t keep its upside bias going into the Nafta negotiations. We’re close to the 1.2510/20 resistance on the USDCAD.
AUD and Kiwi gave up some of their gains as well, AUDUSD back below 0.80 on the close. GBP wrestled with failing retail sales.
The JPY gained over the course of the day , mainly through the crosses and the USD clawed back some.
All to go for this weekend for the EURO on Sunday when SPD votes to continue or break off coalition talks with Merkel’s CSU.
Late in the day we had some positive with both Greece and Spain being upgraded. Fitch upgrades Spain one notch to A- from BBB+ with a stable outlook and S&P raises Greece to B from B- with a continued positive outlook. The Fitch press release
Enjoy that well deserved weekend and …. Watch out for gaps on Sunday night
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