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Dollar Down Following Trump Comments
The US dollar has been lower over the European morning session so far on Wednesday as traders await the next key US data reading. October CPI will be released later today and will be closely watched by traders. On the back of recent data beats, a positive number could see USD upside reignited while any weakness could see a drop lower. USD index trades 98.16 as of writing.
EUR Rises on Weak USD
EURUSD has enjoyed some mild upside so far today as a result of the weaker US dollar though remains at the bottom of recent declines, trading 1.1014 last. The recent sell-off has seen price breaking back under the 1.1024 level and for now, the near term outlook remains bearish.
UK CPI Hits Three Year Lows
GBPUSD has had a volatile session so far today, making moves in both directions. UK CPI released this morning showed inflation hitting three-year lows at just 1.5% in October. T...
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