US Dollar enjoys support throughout Wednesday and we are seeing some follow-through (although gains so far remain marginal) even this morning.
Minutes from the Fed’s september policy meeting that were released yesterday, essentially continued to confirm further rate rises remain on the cards for the current year. Market expectations seem to be pointing towards what could be a December rise.
EURUSD marks fresh lows this morning as it attempts to break lower than yesterday’s lows of 1.1496.
The Japanese Yen is htting back this morning after 2 consecutive days of pullbacks against the USD. Despite these last two days of setbacks for the JPY (seen against the USD) the Japanese Yen has been gaining ground against the USD since the 4th October. USDJPY is currently at 112.51, moving lower after Wedensday’s close of 112.64.
Ahead of us today we are expecting UK retail sales for September, US Philly Fed and the customary weekly jobless claims. Later tonight Japan will also release the lastest CPI figures.
