Euro and US Dollar Stay Weak

Market Reviews

The euro remains under pressure today and is experiencing some resumed sales. The US dollar also remains unstable. Commodity currencies are generally trading higher. Major stock indexes in Europe rose. German DAX grew by 0.87%, while French CAC 40 also traded higher by 0.69%.

The British pound approached the highest level in almost three weeks against the US dollar at the beginning of the European session, amid reports that the UK doubled its offer on payments for Brexit. Then, the GBP/USD pair reduced its growth and fell to the intraday low after the data indicated public sector spending growth is higher than the forecasts.

Canada wholesale sales fell by 1.2% mom in September. The UK public sector net borrowing rose to GBP 7.5b in October. Swiss trade surplus widened to CHF 2.33b in October.