Forex - GBP/USD, USD/CAD, EUR/USD, USD/JPY Flows: USD firm, some more weak than others


 17:03 (GMT) 09 Nov

  [Forex Flows]

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GBP/USD, USD/CAD, EUR/USD, USD/JPY Flows: USD firm, some more weak than others (0101-FYKH-C01)

The USD has regained a positive tone broadly if most notable against the CAD, given oil weakness, and GBP after the resignation of Transport Minister Jo Johnson. Jo is the brother of former Foreign Secretary Boris but unlike Boris supported the UK remaining in the EU. The impact on EUR/GBP has been modest with EUR/USD dragged lower but with no serious threat yet to the year to date low of 1.2927. 114.00 looks out of range on USD/JPY as long as equities remain weak, outweighing the impact of the strong PPI in the UST market.


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