Late European Session





G10 Advancers and Decliners vs USD
JPY 0.49
GBP 0.08
EUR 0.07
CHF -0.35
It’s been an eventful session since the European open; the German Unemployment Rate was better than expected at 8.2% (vs. 8.4% consensus), and that coinciding with equity market gains began a EURUSD rally to highs of 1.4674. Norwegian Retail Sales followed with a 0.3% M/M gain in Aug (vs. 0.2% expected), and shortly afterwards the Norges Bank’s Gjedrem was on the wires with extremely hawkish…

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