This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

Risk Assets

Dollar Dives Down

The US dollar weakened significantly over the European morning on Friday as optimism over a partial US/China trade deal led equities higher, taking some of the safe-haven bid out of USD. The fall comes despite data yesterday which showed core inflation rising to one year high in August. For now, however, the market is still expecting the Fed to ease this month though pricing for a further hike in 2019 is receding. USD index trades 97.59 last.

EUR Rallies Despite ECB Easing

EURUSD remains firmly bid today as the market continues to rally in the wake of the ECB announcing a wave of easing measures at yesterday’s September meeting. Despite both a cut to the deposit rate and the restarting of QE, it seems that some were expecting a more aggressive move, leading EURUSD back up to challenge the 1.1112 level last.

Fading No-Deal Brexit Risks Boost GBP

GBPUSD has been firmly bid today. Optimism around the receding chances of a no-deal Brexit happening by October 31st has caus...


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.

Tagged on: