XE Market Analysis: North America – Oct 19, 2018

The Dollar has been choppy but traded moderately softer, on net, giving back some of its recent gains. EUR-USD lifted back above 1.1460 after earlier printing a 10-day low at 1.1433, coming within 1 pip of the October-9 low, which is a two-month nadir. This is the fourth consecutive day the pair has clocked a lower low, and this week is set to be the third down week out of the last four weeks. Cable lifted above 1.3040 after posting has posted a two-week low at 1.3011. AUD-USD and NZD-USD lifted as the antipodean currencies benefited from a solid rally on Chinese stock markets.