Safe haven currency US dollar is softer versus the yen and Aussie dollar and steady against the euro and most of the other main currencies.
EUR-USD dipped following a weaker than expected German September IFO report, which slumped to 104.7 from 106.3, but follow-through euro selling was limited with the market having factored in downside risk following weak ZEW and PMI surveys for the same month.
EUR-USD was trading just under 1.2850 in early PM trade in Europe
No comments:
Post a Comment