XE Market Analysis: North America – Oct 24, 2016

The dollar majors posted narrow ranges, with EUR-USD and USD-JPY trading narrowly in the respective upper 1.08s and upper 103.0s. USD-CAD managed a new trend peak follow dovish sounding BoC-speak over the weekend. The CNY continued to weaken, the PBoC today fixing it at a six-year low at 6.769. Perky flash manufacturing PMI data October out of Japan and the Eurozone had little bearing on currency markets. The latest industrial trends survey from the CBI in the UK found competitiveness to be soaring amid the weaker pound, but input costs also rising while painting a more subdued picture of the…

Source: XE news feed
XE Market Analysis: North America – Oct 24, 2016