Oct. 23: MARKET REVIEW Risk sentiment: subdued with concerns - TopicsExpress



          

Oct. 23: MARKET REVIEW Risk sentiment: subdued with concerns about global growth, affected by falling oil prices and a shooting incident at the Canadian parliament. EUR/USD: below $1.2650 ahead of the euro area’s PMIs (07:00-08:00 GMT). AUD/USD: edged down to $0.8750. Chinese HSBC flash manufacturing PMI was a bit higher in October, but that not enough to encourage the market. NZD/USD plummeted to $0.7850 on lower rate hike expectations. NZ CPI fell from 1.6% in Q2 to 0.1% y/y in Q3. GBP/USD consolidates at $1.6060, awaits retail sales data at 8:30 GMT. USD/JPY capped at 107.30. USD/CAD remains above 1.1200 as Canada’s retail sales unexpectedly fell. The Bank of Canada left keep its benchmark interest rates unchanged at 1.0%, and indicated that the Canadian economy would grow 2.5% in 2015 and would slow down to 2% by the end of 2016.
Posted on: Thu, 23 Oct 2014 06:13:03 +0000

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