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NYLON HANDOVER: FED member gathers momentum for September rise

A snapshot of the New York - London session (Nylon) of news and money flow in preparation for the Asian session




- Voting FED member Dennis Lockhart was quoted saying he is ready to support a September rate rise, causing the Greenback to rally and Euro to drop to an 8 day low
- US stocks finished lower as inflationary pressures become heavier on equities
- Eurozone PPI index contracts by -0.1%  to help send Euro lower, before Lockhart added to the sell-off
- UK construction PMI fell short of expectations to help Cable finish down for the session
- GDT prices took its 10th consecutive contraction and at an alarming rate of -9.3% to send NZD crosses lower


 



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