XE Market Analysis: North America – Oct 03, 2018

There have been mixed themes in trading so far today, with the Dollar and Yen trading generally softer, especially against an outperforming Euro, except in the case versus the Australian Dollar, which has underperformed following a 9.4% m/m in Australian building approvals (which confounded the median forecast for a 1.0% m/m rise). The magnitude of the Aussie’s losses were such that both AUD-USD and AUD-JPY were driven lower, despite the U.S. and Japanese currencies posting losses against most of the other main currencies.