Market Overview
- The US Dollar (USD) has posted gains Monday with the crosses travelling lower.
- Chinese Manufacturing demand weakens in line with global economic growth weakening.
- New Zealand Manufacturing Sales up 06% in the second quarter from previous quarter of -0.4%
- The Euro will come under pressure this week under the weight of the ECB expectations of a 25-point rate cut.
- The GBP may push higher ahead of tonight’s UK job data release.
- Chinese inflation remains very low at 0.6% reflecting weak domestic demand in China.
- The Japanese Yen (JPY) has been the best performing currency this month while the New Zealand Dollar (NZD) has been the worst performer.