Liquidity was winding down quickly into the close of last week as the market witnessed a significant shift in gauge for risk appetite after solid economic data from US showing non-farm payroll recorded a solid expansion in private job sector. Naturally, the safe haven US dollar found itself trading lower on the opposite of the positioning.

Similar to the greenback, Japanese Yen, another funding currency, weakened broadly while higher-yielding currencies such as the Australian dollar gained after their movements were mostly driven by global risk appetite and interventions speculations rather than domestic fundamentals.

The UK's sole PMI service sector reading for August did little to help the Sterling with a 16-month low from an otherwise vital component of an unstable economy. British service sector activity grew at its slowest pace since April 2009 with a marked fall in hiring as employers worried about an economic slowdown and public spending cuts.

Commodity prices: Gold Spot 1248.00/oz 
                            Brent Spot USD 75.69/barrel