Sumary of US Dollar Solid as Weak Data Weighs on Risk Assets in Asia. Will EUR/USD Move Lower?:
- US Dollar, Hang Seng, China Data,EUR/USD, AUD/USD – Talking PointsUSD bucked off post-soft US CPI sellers to maintain levels seen prior to dataAPAC equities movedlower after weak Chinese data, further CCP crackdownsDollar maintained a bid tone in Asia.
- AUD/USD moved lower after the China data but lacked enthusiasm and traded back in the range.
- Ahead in the US there is industrial production numbers and the EIA/DOE oil inventories report will have more interest than usual given the moves in crude this week.