XE Market Analysis: North America – Oct 26, 2016

The dollar traded on softer footing, principally against the euro and the Australian dollar. EUR-USD popped above yesterday’s 1.0905 high, building on the rebound from the 1.0851 low, which was the lowest level seen since March. The high so far is 1.0933, which is the loftiest level seen since last Thursday’s post-policy meeting ECB press conference. The Australian dollar rallied following an above-forecast headline in Australian Q3 CPI, which rose 0.7% q/q, above the median expectation for a 0.5% rise. Most expect this should keep the RBA, which had cited concerns about disinflation as prime reasons for cutting rates in…

Source: XE news feed
XE Market Analysis: North America – Oct 26, 2016