Risk Sentiment Mixed Due to Italian Gridlock

"Risk Sentiment Mixed due to Italian Gridlock, Disappointing US Data but Stronger Earnings"Recent news for the common currency were not supportive, initially after ECB governing council member Jens Weidmann said that interest rates might be lowered.

The US dollar index retraced lower from 82.65 to 82.32 largely disappointing market participants.  Risk appetite reduced as the US equities declined with the S&P 500 losing 0.67% and the Dow Jones Industrial Average closing lower by 0.56%.

Elsewhere the sterling against the greenback recovered from recent low at 1.5217, advancing to 1.5323.

The USDJPY is steadily gaining ground in the last 3 trading sessions, rising as high as 98.80.

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