Blogs

GBPUSD flatlined around the familiar 1.2720 resistance region, which was last tested at the end of August, after three constructive bullish weeks.

Economist at UOB Group Lee Sue Ann expects the RBI to maintain its policy rates unchanged at 6.50% at its event later in the week.

A deeper pullback emerges on the horizon in case USD/CNH breaches 7.1100 in the near term, suggest UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.

The Dollar threads water with the CHF favoured by the negative risk sentiment.

Eurozone Producer Price Index (MoM) meets forecasts (0.2%) in October

Eurozone Producer Price Index (YoY) in line with forecasts (-9.4%) in October

Spain 12-Month Letras Auction fell from previous 3.606% to 3.305%

Spain 6-Month Letras Auction declined to 3.617% from previous 3.709%

Inflation expectations among Eurozone consumers were left unchanged at 4.0% in October for the next 12 months, the European Central Bank’s (ECB) monthly Consumer Expectation Survey showed on Tuesday.

The Dollar extends gains favoured by risk aversion. Lower oil prices are weighing on the Canadian Dollar.