Forex Today – Asian Session: Risk Appetite Drives Returns As Investors Fight For A Catalyst

Get real time updates directly on you device, subscribe now.

What you need to know on Wednesday, October 20:

The US dollar fell slightly against high-yielding rivals and remained sideways against those considered safe havens as market sentiment improved somewhat. Global indices closed higher, with speculative interest ignoring tepid macroeconomic figures.

The EUR / USD pair hit a three-week high of 1.1669, but ended the day in the 1.1630 price zone as demand for the EUR was limited by Lane comments from the ECB. The chief economist said medium-term inflationary pressures are below the central bank’s target, somehow suggesting a longer wait-and-see stance.

GBP / USD is trading around 1.3800, supported by speculation that the BOE will soon start raising rates. The UK will release inflation figures on Wednesday and may unleash some wild action on pound crosses.

The Australian dollar was the best performer, advancing to 0.7485 against the dollar and maintaining its intraday gains. The USD / CAD pair fell to 1.2310 but trimmed losses before the close.

Crude prices maintained their positive tone, with the WTI approaching $ 82.20 a barrel. Gold rose intraday but ended the day with modest gains at around $ 1,769 a troy ounce.

Yields on US Treasuries rose to fresh highs in several weeks before the close of Wall Street. The 10-year yield reached 1,644% and was close. Stronger returns can give the dollar a break should the rally continue.


Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.