XE Market Analysis: North America – Oct 04, 2017

Comments are off

EUR-USD logged a two-session high at 1.1781, rebounding from yesterday’s two-and-a-half-month low at 1.1696. The gain reflects a broader retreat in the dollar, while the deepening constitutional crisis in Spain remains a concern for the euro. The pound traded mixed, with gains seen following an above-forecast services PMI out of the UK failing to sustain. While Cable perked up, aided both before and after the data release by a generally softer tone in the dollar, sterling was near net unchanged versus the euro and slightly down in the case against the yen.