The #euro was little changed at $1.2827, staying within reach of a three-week high of $1.2835 hit overnight. The common #currency, battered by prospects of the European Central Bank easing monetary policy further to stave off #deflation in the #eurozone, had stooped to a two-year low of $1.2500 earlier this month before the dollars fortunes took a turn for the worse. The #euro bounced back against the #yen, up 0.3 percent at 136.045 after hitting an 11-month low of 135.04 overnight.The #dollar index was down 0.3 percent at 84.88 after slipping to a three-week low of 84.472 overnight. The #currency market will once again brace for U.S. data, such as September industrial output and weekly jobless claims due later in the session, and their impact on equities and Treasuries. #Commodity #currencies such as the #Australian #dollar, sensitive to potential changes in global demand, slipped 0.4 percent to $0.8797 after gaining more than a percent on Wednesday. Read More: https://olofx/posts/dailyfundamentalanalysis/2014/10/16 #forex #fundamental
Posted on: Thu, 16 Oct 2014 06:47:40 +0000
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