Forex market mixed, NZD takes a beating, busy day for the EUR
- FX Market
- 1 month ago
The FX market has been mixed as China released its growth figures which were disappointing to say the least.
Topping the list is the Kiwi dollar as it dropped 0.90%, plunging beyond 0.68 handle.
The Australian dollar had a similar fate as it fell to 0.7179 and shedding the 0.72 handle.
In calmer waters the Japanese Yen hit highs against the greenback at 113.71 as the spot kept its mark at the 113.50 level.
Euro and Sterling remained in good shape as the ECB latest announcement was digested and the latest unfolding in the Brexit issue.
The EUR/USD tug of war will endure depending on what PMI numbers look like later today.
GBP/USD is below 1.2650 in a bearish mood as Brexit still lingers.
Markets today will have an eye on a day full of EUR related topics starting with the second-tier German wholesale price index followed by PMI reports and manufacturing figures from within the bloc.
Italian CPI figures and Eurozone Q3 labor costs will follow shortly after and the North American session will be followed with much interest as the U.S. will publish its own PMI numbers, followed by the industrial output and capacity utilization figures.
For a full list of today's events check our daily economic calendar.
Source: Smart Trend Team