Friday 16 October 2015

XE Market Analysis: North America - Oct 16, 2015

The dollar retained the firmer tone it established yesterday. EUR-USD ebbed to a one-week low at 1.1334, and the also euro posted declines against the yen and sterling, though the magnitudes were modest. Final September Eurozone CPI was confirmed at -0.1% y/y , down from 0.2% in August, as expected. USD-JPY was modestly firmer in trading to the 119.00 area. AUD-USD came under pressure, trading to the 0.7270-78 area, about 50 pips down on yesterday's closing level. The usual correlation between the Aussie and stocks markets didn't function today.



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