Narrow ranges have been prevailing among the main dollar pairings an cross rates, though this may change once the European interbank market enters the fray amid a backdrop dynamic of risk aversion. Chinese stock markets have managed to stabilise after yesterday’s rout, though intraday gains have been wiped out in post-lunch trading so far. EUR-USD has continued to gravitate around the 1.1500 level, returning to this level after posting a seven-week low at 1.1460 yesterday. USD-JPY has settled around 113.00, above the eight-session low printed yesterday at 112.82.
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