USD support is currently offsetting some of last week’s sell of as we get deeper into the day of the US presidental election. The US Dollar index an index measuring the USD’s strength against a basket of currencies is currently at 97.77 after slipping to lows of 96.89 throughout Friday and Monday.
News of a new FBI investigation into Clinton’s emails nearly two weeks ago damaged the prospect of the “staus quo” that Clinton represents, and also damaged support for the USD. However Sunday’s letter to congress in which FBI Director stated that the findings warranted no criminal charges against Clinton have given the USD some relief.
EURUSD is currently at 1.1043 and the USDJPY at 104.40 ahead of the voting.
On the economic data front, today we are expecting industrial production figures from Germany and the UK.
