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Currency Analyst since 2010

Oct. 7: MARKET VIDEOREVIEW

USD: edged higher, Monday’s decline is seen as profit-taking. Watch the speeches of Kocherlakota and Dudley (17:20 and 19:00 GMT).

EUR: edged down after gaining more than 1% on Monday. Watch German industrial production (06:00 GMT) and French budget balance (06:45 GMT).

GBP/USD recovered to $1.6070, markets await manufacturing production at 8:30 GMT

USD/JPY slipped below 109.00 yen

BOJ: policy unchanged, notes weakness in production, CPI will stay around 1.25% for some time

AUD: The Reserve Bank of Australia kept rates unchanged, mentioned moderate growth in economy, there will be a period of stability in interest rates; no new measures to cool the housing market. According to RBA, AUD remains high by historical standards.

NZD/USD: under pressure, but holds above $0.7800, NZIER Business Confidence down from 32 to 19

 

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