USD/CHF recovers some ground
The greenback is back on positive figures after yesterday's sell−off during the european and american trading hours in direct response to the final agreement in the Eurozone sovereign debt crisis. Recall that the euro rocketed among the majors, mainly in detriment of the US dollar.
EUR/USD: Trimming gains, dips to 1.4140
The Euro surged almost 400 pips yesterday, favoured by the sharp risk appetite triggered by the EU agreement, to reach a fresh 7−week high at 1.4250, and the pair has been trimming gains on Friday's Asian and European sessions, reaching day lows at 1.4040 low.
Majors
USD/CHF recovers some ground after the sell−off
The greenback is back on positive figures after yesterday's sell−off during the european and american trading hours in direct response to the final agreement in the Eurozone sovereign debt crisis.
Currencies
EUR/GBP fails to hold on to 0.8800 psychological level
Thursday's EU summit related rally pushed the pair across the board to 0.8800 psychological level. The bullish day summed an extra 100 pips to the EUR/GBP price.
Indicators
Switzerland: KOF Leading Indicator slows down in October
The Swiss KOF Leading Indicator fell to 0.8 in October from 1.21 registered the previous month, the KOF Economic Research Agency announced today. Analysts expected less decrease to 1.04.
Central Banks
BoJ enhances monetary policy
At the monetary policy meeting, the policy board of the Bank of Japan, decided, by an 8−1 majority vote, to enhance monetary easing by increasing the total size of the Asset Purchase Program...
Related Markets News
Stocks
European markets open with gains, still on EU summit risk rally
European markets have opened Friday's session with moderate advances as investors remain buoyed by the EU leaders agreement, although, previous enthusiasm has eased somewhat...
Oil
WTI down almost 2% as geenback strengthens
The benchmark for the american light crude is trading just off day's low as the US dollar is recovering ground.
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