XE Market Analysis: Europe – Oct 13, 2017

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The dollar has retained a soft tone, settling in the lower 112s versus the yen, near the week’s low at 111.99 (which was seen on Tuesday), edging near nine-day lows versus sterling and logging a new nine-day low in the case against the Australian dollar, and drifting back some against the euro. EUR-USD lifted to the 118.50 area on a Bloomberg report that the ECB is considering halving asset purchases next year but with a longer than hitherto expected nine-month extension to the program. Attention today will be on U.S.