Forex Today: dollar keeps taking advantage of uncertainty
|Here is what you need to know on Tuesday, October 1st:
- EUR/USD fell to 1.0884, its lowest since May 2017 as the dollar retained its strength while disappointing German data weighed on the EUR.
- GBP/USD also fell, settling just below the 1.2300 level as Brexit uncertainty persists. UK FM Javid said that he hopes the UK could live the EU with a deal by October 31, adding that “it is important to leave in any case,” hinting that the UK is prepared to leave without a deal.
- Commodities were sharply lower daily basis, although equities posted intraday gains, as news are still positive in the trade-war front.
- Market players remain cautious amid political uncertainty and ahead of first-tier events later this week.
- Cryptocurrencies recovered some ground after an early slump, remain under pressure.
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