Biggest % gainers: EUR/GBP up 0.30%, EUR/CAD, AUD/NZD ...mild EUR strength and mild AUD strength on high gold prices today.
Biggest % losers: AUD/JPY down 0.72%, GBP/JPY, USD/JPY...all on JPY strength. So JPY strength is the most dominate theme for the day so far.
JPY is strong on concerns over Chinese banks ...also Asian stocks were down and so far European stocks are as well.
The pound declined against the dollar after Bank of England Governor Mervyn King said the U.K. economy still faces profound challenges, fueling speculation the bank may extend asset purchases as the recession persists.
Gold: $1,169
Oil: $77.40
EUR German IFO Business Climate higher 93.9 vs. 92.6 expected and 91.9 last time. Boosts euro.
USD GDP q/q worse at 2.8% vs. 2.9% expected and 3.5% last time.
Consumer Confidence out at 10am EST today.
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