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Flat CPI Weighs on USD
The US dollar has been a little lower over the final European morning of the week. US CPI data released yesterday saw a 0% change month on month at 1.7% on the headline reading.
This, on the back of a dovish set of FOMC minutes, is boosting expectations of an October rate cut. USD index trades 98.28 last, testing the 98.30 support.
EUR Higher on Weak USD
EURUSD has been firmer against USD today in the wake of the continued selloff in the greenback. EUR has been supported over the second half of the week by the release of the ECB meeting minutes which highlighted the extent of the division within the ECB.
This has put the prospect of further ECB easing in doubt. EURUSD trades 1.1017 last, testing the 1.1025 level once again.
GBP Rises on Brexit Deal Hopes
GBPUSD has been firmly higher this morning. Weakness in USD, as well as increased optimism over the prospect of a Brexit deal, is helping boost GBP.
Positive commentary on the back of the meeting between Johnson...
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