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Currency Analyst since 2010

Oct. 15: MARKET REVIEW

Demand for riskier assets remains limited amid lower growth forecasts globally, especially in Europe.

EUR/USD: edged down ahead of Mario Draghi’s speeches at 07:00 and 18:00 GMT.

GBP/USD:  new 11-month low of 1.5870, awaits labor market data at 8:30 GMT.

AUD tested $0.8675 on the downside, but then returned to $0.8736: better Westpac consumer confidence & new motor vehicle sales; China’s consumer inflation slowed to a level not seen since 2010 (some speculation that Chinese policymakers may need to announce further selective easing).

NZD/USD: watch the Global Dairy trade results later in the day.

USD/JPY higher at 107.20.

 

 

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