XE Market Analysis: Europe – Oct 31, 2016

The dollar has recouped some of the losses seen following news last Friday that the FBI is investigating new emails of Clinton. The upcoming U.S. Presidential election, which will take plane next Tuesday, will dominate market attention. At least one poll showed Trump to have narrowed the gap by 1 percentage point. The FOMC meets this week, announcing on Wednesday, which we expect to be a non-event given the proximity of the election, though Bloomberg (quoted by the FT) calculated that markets have discounted a 17.1% chance to the Fed raising interest rates by 25 bp and a 69.2% chance…

Source: XE news feed
XE Market Analysis: Europe – Oct 31, 2016