The NZD has also been to the fore today as talk of major Chinese investments triggered stops in NZD/USD above .8000 and in AUD/NZD below 1.3160.
AUD/USD rallied alongside the EUR/USD and also got a boost from the better-than-expected capital expenditure data. AUD/NZD selling weighed at times and decent offers near 1.0590/00 also slowed down the short covering. Ranges: 1.0505/1.0603
USD/JPY was yet again caught in the middle of a generally bearish USD sentiment yet bullish sentiment on JPY crosses. This of course led to more range trading. Ranges: USD/JPY 81.77/82.16, EUR/JPY 15.36/116.03
Cable triggered stops above 1.6310 and 1.6325 but short covering in EUR/GBP helped slow the rise. Ranges: Cable 1.6270/1.6334, EUR/GBP .8638/80