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USD Hit By Further Data Miss
The US dollar has been lower across the European morning on Friday on the back of further data weakness yesterday. IHS manufacturing reading for October did come in better than expected. However, the durable goods number was far worse than expected at -1.1% on the month. Continued data weakness is boosting market expectations of a Fed rate cut next week keeping USD pressured. The USD index trades 97.37 last.
EUR Lower On ECB
EURUSD has been a little higher today on the back of USD weakness though is only recovering the losses seen yesterday in response to the October ECB meeting. The meeting, which has the last for Draghi, saw the bank keeping the prospect of further easing alive. This is given the persistent weakness in the European economy. EURUSD trades 1.1117 last, back below.
GBP Soft Ahead of EU Decision
GBPUSD has been weaker across the European morning today. The EU has...
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