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Currency Analyst since 2010

Oct. 14: MARKET REVIEW

Risk sentiment: traders are concerned as global equities decline. S&P500 slid to 5-month low.

EUR/USD: fell from $1.2767 to support at $1.2715 ahead of the European data release at 09:00 GMT (negative forecasts).

GBP/USD: awaits inflation data at 8:30 GMT, currently sits at $1.6070.

AUD/USD: rose testing levels above $0.88 as the People’s Bank of China cut its 14-day repo rate, again spurring hopes of more broad-based easing + iron ore prices stabilized a bit.

NZD/USD: pushed a little higher, capped at $0.7900.

USD/JPY: recovered from 106.70 to 107.00. Japanese PPI: 3.5% vs. 3.6% expected.

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