What to watch for on Tuesday, October 11:
The us dollar prolonged the impulse of last week and rose on Monday against most of its major rivals as risk aversion dominated financial charts.
On the one hand, the gloomy mood was bolstered by Russia, as the country resumed its aggressive attacks on Ukraine, firing multiple missiles targeting communication and power systems. The attack reached kyiv and caused a huge blackout in several Ukrainian cities.
On the other hand, the Bank of England announced additional monetary measures to support the financial system. central bank doubled his shopping temporary of bonds Q.E. up to £10bn a day for the next few days, although the purchases should end on Friday.
Global stock markets closed in the red, reflecting market concerns. The EUR/USD pair settled around 0.9700, while the GBP/USD ended the day in the 1.1050 price zone. AUD/USD fell to 0.6274, a fresh two-year low. USD/CAD is trading around 1.3760, as oil prices give in to gloomy markets.
The dollar appreciates against its safe-haven rivals, with USD/CHF now trading around parity and USD/JPY reaching 145.70, approaching the highs that prompted the BOJ intervention.
Gold is currently changing hands at $1,667 a troy ounce, while WTI fell to $90.60 a barrel.
This week the focus will be on the US Consumer Price Index, due for release on Thursday.
Source: Fx Street
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