The dollar remained under the cosh against its G3 peers while gaining against the commodity currencies as the recent risk-on spell turned sour, with commodity prices and most stock markets in the EMEA and Asian regions turning south today. China trade data spoiled the risk-on party, as it showing a sharp 17.7% y/y dive imports in September, accelerating from the 14.3% y/y decline of August. EUR-USD traded above 1.1400 for the first time since Sept-18, leaving a peak at 1.1411 before ebbing back to the high 1.13s following an underwhelming German ZEW investor sentiment survey.
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