USD vs EUR, AUD, CAD, GBP: strategic softening
The USD has become soft. What's the tactical outlook against its main counterparts?
Minor Market Movements While USD Gains
Information is not investment advice
Midday Market View
President Donald Trump could be discharged from the hospital where he is being treated for COVID-19 as soon as Monday. Biden, 77, has tested negative for the disease several times since sharing a debate stage with Trump last Tuesday. Trump also is pushing to install federal judge Amy Coney Barrett on the Supreme Court, which would lock in a conservative majority on the nation's highest court for years to come.
Midday Key Point
- UK September final services come at PMI 56.1 vs 55.1 expected
- Eurozone August retail sales comes at +4.4% vs +2.5% m/m expected
- Eurozone October Sentiment investor confidence comes at -8.3 vs -9.3 expected
Michael Eliades
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USD vs EUR, AUD, CAD, GBP: strategic softening
The USD has become soft. What's the tactical outlook against its main counterparts?
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