Eur/Usd has retreated from 1.1850+ through decent option expiry interest between 1.1840-35 (1 bn). Note also, Ifo metrics were softer than expected to keep the single currency pressured, while the Franc will have noted a rise in Swiss bank sight deposits as it straddles 0.9050 again.
USD
The Dollar is back on a firmer footing and in demand as a safe-haven even though the US is far from immune to the 2nd pandemic waves sweeping through many countries and the upcoming election poses uncertainty alongside the ongoing stimulus stalemate. However, aversion is taking a toll on the more cyclical, activity and commodity currencies, with the DXY revisiting 93.000+ territory within 93.063-92.784 parameters as a result ahead of the national activity index, new home sales data and the Dallas Fed manufacturing business survey.
EUR/USD: 1.1800 (523M), 1.1835-40 (1BLN)
USD
The Dollar is back on a firmer footing and in demand as a safe-haven even though the US is far from immune to the 2nd pandemic waves sweeping through many countries and the upcoming election poses uncertainty alongside the ongoing stimulus stalemate. However, aversion is taking a toll on the more cyclical, activity and commodity currencies, with the DXY revisiting 93.000+ territory within 93.063-92.784 parameters as a result ahead of the national activity index, new home sales data and the Dallas Fed manufacturing business survey.
EUR/USD: 1.1800 (523M), 1.1835-40 (1BLN)