XE Market Analysis: Greeback Comfortable Before Election

OVERVIEW The Chinese Yuan trades at its lowest levels since the Bank of China opened the currency up to offshore trade in 2010. The Pound comes under renewed pressure ahead of Central Bank Governor Mark Carney’s address later this afternoon. Dollar remains strong as FED’s Williams hints at December rate hike again.  HIGHLIGHT The US Dollar is basking in the limelight it has attracted ahead of the presidential election. The Greenback is still trading below 1.09 against the Euro and now looks comfortable at this level. Rumors are that there is more money on a Clinton victory however, higher number…

Source: XE news feed
XE Market Analysis: Greeback Comfortable Before Election