USD Overnight Advances

The USD strengthen against most other major currencies overnight. As there is still no clear direction to Market Trends, this may be a result of a general drop in risk appetite.

In addition, there were very few Fundamental Data Releases of any significance made last night, although the Euro-zone CPI Estimate did rise to -0.2 in August against expectations of -0.3%. This data produced a mild rally in the EUR/USD in the last couple of hours.

The USD strengthen against most other major currencies overnight. As there is still no clear direction to Market Trends, this may be a result of a general drop in risk appetite.

In addition, there were very few Fundamental Data Releases of any significance made last night, although the Euro-zone CPI Estimate did rise to -0.2 in August against expectations of -0.3%. This data produced a mild rally in the EUR/USD in the last couple of hours.

Despite the USD rising in the past two days against the EURO, this pair is still likely to trend in a sideways direction until investors can gain a clearer grasp of future policy .

The GBP continues its recent decline against the USD although the UK Markets have been closed today because of the Summer Bank Holiday. This trend could continue during the USD trading session as the lack of any further serious fundamental data may cause investors to curb their risk appetite placing the GBP at a disadvantage.