OVERVIEW USD steady as markets focus on Fed and ECB policy decisions. GBP under pressure as Barnier warns no “bespoke” Brexit. EUR marginally higher, EZ data misses’ expectations. US stock markets hit fresh record highs. HIGHLIGHT
The dollar edged higher in N.Y. trade on Tuesday, though ranges overall were relatively narrow. There was no data to move markets, though risk-on conditions helped support the greenback. EUR-USD was fairly steady through the session, with no one making waves ahead of Thursday’s ECB meeting. USD-JPY tested the 114.00 mark, though ultimately failed again. […]
The dollar lost ground to the euro, and more especially the pound, which rallied strongly on unexpected strength in UK prelim Q3 GDP data, while gaining ground against the yen and Australian dollar, the latter of which took a hit following a miss in Australian CPI data. [EUR, USD]
The Aussie dollar came under pressure following sub-forecast inflation data out of Australian, which pushed back on any nascent ideas that the RBA may have been headed for a rate hike. AUD-USD lost 0.7% in making a 0.7716 low, which is the lowest level seen since mid July. Australian Q3 CPI slowed to a 1.8% […]
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