Analysts at ANZ explained that markets had a risk-off feel overnight with equities, yields, USD and commodities all heading lower.
"Volatility continued its push higher too. The USD was on the back foot throughout the day as firmer-than-expected German Q3 GDP data lent early impetus to the euro. Sterling, meanwhile, remained overshadowed by domestic political considerations and a slight downside miss in October inflation, which underpinned expectations of a very gradual and shallow tightening in monetary policy. Fixed income remained supported, with curves continuing to flatten. The fall in oil and other commodity prices (WTI down 2.1% to $55.60/bbl) may have contributed to that better fixed income tone. Equities were also under modest downward pressure with the major US indices down 0.2-0.4% and Euro Stoxx 50 0.5% lower".
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.