EUR/USD analysis: dollar set to continue advancing
The EUR/USD pair consolidates around the 1.1400 figure, as despite a better market mood, the common currency saw its advance limited by...
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GBP/USD: Sterling trades below 1.2800 after mixed UK jobs report
The GBP/USD trades below 1.2800, balanced on the day. UK unemployment surprised with a drop to 4% but other figures were mixed. The Turkish crisis somewhat eased but it's far from being resolved.
USD/JPY: sellers capping advances around 111.20
Easing risk aversion has helped the USD/JPY pair recover up to 111.14, although the pair retreated from such high, now struggling to retain the 111.00 mark. The dollar, in the meantime, remains the strongest across the FX board, not far from its recent yearly highs against its high-yielding rivals.
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The US Dollar is well supported by a healthy economy, the safe-haven flows stemming from trade wars, and a hawkish central bank. All this may change in late October and early November with fresh data, the rate decision, and the mid-term elections.
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