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.


Forex - EUR/USD, USD/JPY Flows: USD bid to end the week, but wider ranges intact


 08:20 (GMT) 09 Nov

 [Forex Flows]

The improved USD tone following the FOMC may be looking overdone, although in that regard we don't have to look back too far to find current levels on most pairs. USD/JPY did make a one month high overnight but has slipped back as equity markets take a step back, but overall not too much damage done. The nearest major level is probably the year to date low at 1.1297 on EUR/USD which survived some close examination at the end of October. Looking at the calendar there is not much likely to tempt the fast money into trying at least a closer look.


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