2. HEADLINES
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ā
U.K. manufacturing production rises 1.2% in September; pound gains
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Name
German factory orders climb 3.3% in September; euro spikes
Euro zone retail sales fall 0.6% in September
Last
EUR/USD
1.3516
USD/JPY
98.6250
GBP/USD
1.6086
USD/CHF
0.9116
AUD/USD
0.9530
USD/CAD
1.0439
EUR/CHF
1.2323
EUR/JPY
133.2980
EUR/GBP
0.8402
GBP/CHF
1.4664
GBP/JPY
158.6445
GBP/CAD
1.6793
GBP/AUD
1.6877
AUD/JPY
93.9975
CAD/JPY
94.4725
CHF/JPY
108.1830
AUD/CAD
0.9950
AUD/CHF
0.8690
USD/JPY gained 0,08% marching back towards the 100 range after the release of BoJ minutes this
morning implied that the bank is serious about adding additional stimulus to help offset the sales tax
increase and to keep the government turned towards inflation. Bank of Japan Governor Haruhiko
Kuroda voiced confidence on Tuesday that the economies of China and the U.S., Japanās two big
export markets, will continue to recover and help achieve the central bankās 2 percent inflation
target.
AUD/USD gained 0,42% as the US dollar slipped this morning. Over the past week as traders
focused on the FOMC meeting and began to worry about tapering traders had a sneak preview into
what happens when the US begins to taper its money printing via quantitative easing. And there are
also some early signs that China may be changing direction.
EUR/JPY climbed to trade after the Bank of Japan minutes release. Euro traders remained troubled
by speculation that the European Central Bank could be persuaded to reduce rates in the near
future in light of the increasingly soft inflationary outlook, however, the market consensus is that the
ECB will not rush into a decision at this Thursdayās meeting, but still pushed the euro stronger this
morning as the JPY tumbled on a very dovish release of minutes.
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