Asian Session – Dollar and euro steady; weak China PMI weighs on Asian markets
Posted on August 3, 2015 at 8:13 am GMTThe dollar was steady in Monday’s Asian session after seeing some volatility on Friday. Weaker-than-expected employment cost index caused a dollar sell-off on Friday but the greenback managed to stage a late US session rally to recover most of its losses. The trigger for the dollar’s reversal was comments from St. Louis Fed President James Bullard who was quoted as saying that the US economy was “in good shape”. The dollar was back above the 124 handle against the yen, [..]