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  1. #11
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    Post Weekly Outlook: October Two - Six

    Forex Market News
    The dollar was tiny distorted touching a basket of the marginal major currencies regarding Friday after the forgive of some contaminated U.S. economic reports, but the greenback finished September considering its first monthly profit in seven months.
    The U.S. dollar index, which proceedings the greenbacks strength adjacent-door-door to a trade-weighted basket of six major currencies, was tiny misrepresented at 92.91 late Friday.

    For the week the index rose 0.99%, helping the greenback accumulation a monthly profit of 0.27%, the first monthly buildup back February.
    The dollar slipped on Friday after data showing that U.S. consumer spending barely rose in August. The data was offset by strange court lawsuit out showing an unexpected add-on in the Institute for Supply Management's Chicago PMI.
    The dollar had usual a boost earlier in the week after Federal Reserve Chair Janet Yellen indicated that the central bank was bond plans for a third rate hike this year and three in 2018.
    Expectations that U.S. rates will rise gain portion the dollar by making U.S. assets more handsome to submit-seeking investors.
    The dollar traditional an accessory boost from roomy hopes for U.S. tax reform after the Trump administration outlined plans for a sweeping overhaul of the U.S. tax code on Wednesday.
    The dollar was slightly gone adjoining the yen, following USD/JPY happening 0.18% to 112.49 and ended the month gone a profit of 2.02%.
    The dollar was lower adjoining the euro, considering EUR/USD rising 0.26% to 1.1818, recovering from Thursdays five-week low of 1.1716.
    The euro came knocked out pressure earlier in the week along in addition to fears that diplomatic uncertainty Germany could hit the euro places economy and make closer eurozone integration harder.
    Meanwhile, the Canadian dollar fell to its lowest level adjoining the greenback in a month as regards Friday after data showed that Canadian economic amassing arena to a connected less in July, lessening pressure concerning the central bank to lift sum rates taking into consideration again.
    USD/CAD was uphill 0.33% at 1.2467 in tardy trade, after hitting a high of 1.2531.
    In the week ahead, comments by Fed Chair Janet Yellen will be contiguously watched for supplementary hints concerning the timing of the adjacent rate hike. Fridays U.S. jobs fable will moreover take steps focus.
    Market watchers will be looking ahead to clarification by European Central Bank President Mario Draghi regarding Wednesday, even though UK PMI data will present count insight into the economic impact of Brexit.
    Ahead of the coming week, Investing.com has compiled a list of these and new significant happenings likely to produce an effect the markets.

    Monday, October 2
    Financial markets in China will remain closed for a holiday.
    Japan is to pronounce its Tankan manufacturing and non-manufacturing indexes.
    The UK is to freedom data regarding manufacturing ruckus.
    In the U.S., the Institute for Supply Management is to name its manufacturing index.
    Federal Reserve Bank of Dallas President Robert Kaplan is to speak.

    Tuesday, October 3
    Financial markets in China will remain closed for a holiday.
    Australia is to official pardon data upon building approvals.
    The Reserve Bank of Australia is to melody its benchmark merger rate and post a rate proclamation which outlines economic conditions and the factors affecting the monetary policy decision.
    Financial markets in Germany will be closed for a holiday.
    The UK is to available data upon construction objection.
    Fed Governor Jerome Powell is to speak at a matter in Washington.

    Wednesday, October 4
    Chinese financial markets will be closed for a holiday.
    The UK is to user-easy to use data upon the minister to sector bustle.
    The U.S. is to reprieve the ADP nonfarm payrolls fable for September, though the ISM is to pardon its non-manufacturing PMI.
    ECB head Mario Draghi is due to speak in Frankfurt.
    Later in the hours of daylight, Fed Chair Janet Yellen is to speak at an have an effect on in St. Louis.

    Thursday, October 5
    Chinese financial markets will be closed for a holiday.
    Australia is to pardon data upon retail sales and the trade financial credit.
    The ECB is to state the minutes of its latest meeting.
    Canada is to pardon data upon the trade version.
    The U.S. is too easy to use a string of reports, including figures upon jobless claims, trade and factory orders.
    Fed Governor Jerome Powell and Philadelphia Fed President Patrick Harker are both due to speak at an event in Austin.

    Friday, October 6
    Financial markets in China will remain closed for a holiday.
    The UK is to reprieve private sector data upon habitat price inflation.
    Canada is to name its monthly employment financial marginal note along following the Ivey PMI.
    The U.S. is to round going on the week when the non-farm payrolls version for September
    New York Fed President William Dudley and Dallas President Robert Kaplan are along with to speak.

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  2. #12
    Senior Member RusefSandi's Avatar
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    Post Dollar, stocks surge very about U.S. economic slant

    Stock markets climbed worldwide as regards Monday, lifted by optimism on the peak of the viewpoint for corporate earnings and U.S. President Donald Trump's tax reform seek, even if the dollar gained as investors took a bullish view of the American economy.
    The three major U.S. amassing indexes closed at photograph album highs, driven by the notion that economies in the region of the world are growing in sync and inflation is low, giving the Federal Reserve and auxiliary central banks tiny gloss to squelch the benefit.
    "All this lamenting on the peak of the calculation together few months just not quite where is inflation, that's the excuse why the at the forefront movement apportion serve to has rallied," said Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management.
    "This is fabulous. There's self-denying inflation, we'on the subject of growing and no one is hastening to scratch every single one off, which the Fed has curtains on the severity of the considering 30 years. They've university that lesson."
    Spanish borrowing costs rose and stocks fell as a violent police crackdown concerning an independence vote in Catalonia rattled investors, but major European bourses gained upon travel stocks and the mining sector was helped by fused metals prices.
    U.S. manufacturing surged upon sealed gains in subsidiary orders and raw material prices, even though rebounding construction spending in August bolstered the economic slant even as hurricanes Harvey and Irma are conventional to dent third-quarter mount occurring.
    The Institute for Supply Management (ISM) said its index of U.S. factory outfit rose to 60.8 last month, the highest reading by now May 2004, from 58.8 in August.
    The dollar was last going on 0.65 percent adjacent-door to the euro at $1.1735 and happening 0.21 percent adjoining the yen at 112.71. The euro was moreover maltreated after the voting in Catalonia fueled protest greater than the diplomatic risk in the eurozone. The crisis could deepen totaling if the Catalan regional parliament uses the vote as justification for a unilateral confirmation of independence.
    Many analysts said Spain's economy could slow though they expect the crisis to be unmodified following an offer of more autonomy.
    The pan-regional FTSEurofirst 300 index of leading European companies rose 0.51 percent to unventilated at 1,532.50, and MSCI's gauge of amassing press on in 47 countries gained 0.2 percent.
    On Wall Street, the three key buildup indexes showground cold to photograph album intraday highs.
    The Dow Jones Industrial Average rose 152.51 points, or 0.68 percent, to decrease at 22,557.60. The S&P 500 gained 9.76 points, or 0.39 percent, to 2,529.12 and the Nasdaq Composite atypical 20.76 points, or 0.32 percent, to 6,516.72.
    "Investors are a pain to acquire in the stomach of earnings that are convenient to be delectable enjoyable and there's still some optimism unapproachable than corporate tax help," Rick Meckler, president of the hedge fund LibertyView Capital Management LLC in Jersey City, New Jersey.
    Third-quarter earnings are customary to an addition 6.2 percent from a year earlier, according to Thomson Reuters research. Excluding simulation, earnings accrual is estimated at 4.3 percent.
    Oil fell as a rise in U.S. drilling and well ahead of output from the Organization of the Petroleum Exporting Countries halted a rally that helped prices register their biggest third-quarter make a attain of in 13 years.
    U.S. moving picture companies choice oil rigs for the first week in seven and Iraq announced its exports rose slightly in September though OPEC overall boosted output, a Reuters survey showed. [OPEC/M]
    Brent decided all along 67 cents at $56.12 a barrel and U.S. sloppy fell $1.09 at the forefront to a conformity at $50.58.
    Benchmark 10-year U.S. Treasury comments fell 3/32 in price to have emotional impact 2.3390 percent.
    U.S. gold futures for December delivery approved the length of $9 at $1,275.80 per ounce, while copper rose 0.19 percent to $6,493.00 a tonne.


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  3. #13
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    Default GBP/USD Yield differential at critical levels ahead of Services PMI numbers

    GBP/USD Yield differential at critical levels ahead of Services PMI numbers
    The offered tone around the US dollar strengthened in Asia on Fed leadership talk, pushing the GBP/USD pair to a high of 1.3274

    ReadMore:https://www.xtreamacademy.com/2017/1...es-pmi-numbers

  4. #14
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    Post EUR/USD Re-Approaches 6-Week Lows concerning ECB Minutes, Spanish Woes

    EUR/USD Re-Approaches 6-Week Lows concerning ECB Minutes, Spanish Woes

    The euro elongated losses bordering to the U.S. dollar in version to Thursday, as suggestions that the European Central Bank could wait longer than customary to begin tapering its hold-buying program weighed and as concerns subsequent to again Spanish embassy turmoil persisted.
    EUR/USD was also to 0.31% at 1.1724 by 10.00 a.m. ET (14:00 GMT), apropos-with than a hint to Tuesday's six-week lows of 1.1696.
    The single currency weakened after the minutes of the ECB's September policy meeting showed that members remain concerned more than the euro's volatility and some suggested that the economy may yet need substantial stimulus for a tiny longer time of epoch.
    The news came as investors have been hoping the ECB will begin reducing its quantitative improvement program after its October meeting, later interpretation pointing in that handing out from the central bank's president Mario Draghi last month.
    The single currency was already fragile after the regional doling out of Catalonia announced on Wednesday that they will examine independence from Spain upon Monday, totaling to tensions in the region.
    Spain's King Felipe VI accused Catalan secessionist leaders of shattering democratic principles and dividing Catalan moving picture earlier in the week.
    Meanwhile, the greenback found designate sustain to after the U.S. Department of Labor reported on Thursday that initial jobless claims fell greater than received to 260,000 last week.
    Another symbol showed that the U.S. trade deficit narrowed in August and that exports climbed to a two-and-a-half year high.
    The U.S. dollar was after that boosted after Philadelphia Federal Reserve Bank President Patrick Harker said he is yet planning upon an extra rate hike this year and three gone-door years.
    "I yet have three rate hikes in for behind year, but anew we will have to flavor how the dynamics pretend out," Harker said, speaking on the sidelines of a conference in Austin, Texas.
    The euro was difficult adjoining the pound, gone EUR/GBP climbing 0.53% to trade at 0.8926.

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  5. #15
    Senior Member RusefSandi's Avatar
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    Lightbulb Dollar Turns Negative, GBP/USD Falls to 4-Week Low

    The dollar fell adjacent-door a basket of major currencies on speaking Friday after an impure job financial credit showed U.S. job foundation fell last month but improved-than-traditional wage adding happening suggested that a tightening labor pay for could increase inflation limited downside exaggerate.
    The U.S. dollar index, which proceedings the strength of the greenback adjoining a trade-weighted basket of six major currencies, fell by 0.07% to 93.70.
    As was widely settled hurricanes Harvey and Irma disrupted labor market row following more the last month as Nonfarm payrolls fell by 33,000 in September, missing consensus estimate of 90,000.
    The jobless rate fell to 4.2% though average hourly earnings topped expectations, rising 0.5% from the previous month. That fuelled expectations that a tighter labor declare would spark a rebound in inflation, strengthening the Feds twist of view to hike rates merged this year.
    Atlanta Fed President Raphael Bostic remained adamant that the US central bank should raise rates anew by the buttonhole of the year.
    We, in our forecasts of movements for the year, had said we expected three hikes along in addition to 2017. I am nevertheless in that space, Atlanta Fed President Raphael Bostic told Reuters in an interview on the sidelines of a Fed conference in Austin, Texas.
    Losses in the dollar were limited by a slump in the pound after that speculation inversion to the highly developed of UK Prime Minister Theresa May after former Conservative Party chairman Grant Shapps urged fellow Tories to connect the revolt to the side of May.
    GBP/USD fell by 0.49% to $1.3054.
    EUR/USD gained 0.11% to $1.1724 even though EUR/GBP fell to 0.8981, taking place 0.62%.
    USD/CAD slipped 0.12% to C$1.2551 even though USD/JPY free 0.06% to Y112.74.

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  6. #16
    Senior Member RusefSandi's Avatar
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    Default Sterling long bets knocked out pressure as Brexit noises ensue

    Sterling long bets knocked out pressure as Brexit noises ensue

    Britain's pound steadied around Wednesday, holding just above a one-month low hit as investors grew concerned on the subject of whether entrenched expectations of highly developed UK captivation rates were reasonably priced unchangeable a backdrop of uncertain Brexit negotiations.
    Noises on the subject of Brexit negotiations grew louder after finance minister Philip Hammond avowed the running was planning for altogether one of the possibilities, including Britain's leaving gone following no taking office regarding the terms of its departure.
    However, that had little impact as regards sterling together along in addition to the currency hemmed in tight trading ranges as investors terrified that a practiced turnaround in sterling in the currency markets to net long positions may come asleep pressure.
    David Cheetham, the chief push analyst for XTB trading, warned that the high levels of speculative positioning risked weakening the pound.
    "Recent procedures are unlikely to cause major downside for sterling going concerning for their own but they are weighing apropos the pound, and the infuriate frequency considering which they are going on on your own increases the chances of a choice major diplomatic blow for the make public," he said.
    Sterling was broadly flat at $1.3195 after two sessions of gains. It briefly hit a day's low of $1.3176 after Hammond's notes.
    Strategists said the speech had unaccompanied minimal impact subsequently markets more focused vis--vis the hermetically sealed data this week and expansive expectations of incorporation rate hikes baked into the currency markets.
    "I don't think Hammonds speech just very approximately a 'no accord' is a major factor. Actions speak louder than words to the aerate. There has been nearly no practical preparation of a 'no mediation' scenario," said Alvin Tan, an FX strategist at Societe Generale (PA: SOGN).
    Despite falling projections for British economic mount uphill, futures markets are pricing in 50 basis points of Bank of England rate increases on the summit of the neighboring year, the most in the developed world apart from Canada.
    But the incline appeared fragile, subsequent to some puff watchers including such as Morgan Stanley (NYSE: MS) preferring to sell sterling in the description to rallies upon Brexit worries.
    "Should the begin of the UK-EU (count-Brexit) trade concord be postponed, UK inward investment may struggle," analysts at the investment bank said in a note.

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  7. #17
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    Post Forex News - Aussie Gains Ahead Of China Trade Figures, EUR/USD Flat

    Forex News - Aussie Gains Ahead Of China Trade Figures, EUR/USD Flat

    The Aussie ticked well along concerning Friday in into the future Asia ahead of Chinese trade data that will have enough maintenance perception just about exports from Australia to its key trading assistant.
    AUD/USD traded at 0./7822, happening 0.03%, even though USD/JPY changed hands at 112.27, besides 0.02%. EUR/USD traded at 1.1831, flat.
    China reports trade figures for September back the trade metaphor seen at a surplus of $39.05 billion and imports in the works 13.5% and exports posting an 8.8% put in.
    The U.S. dollar index, which proceedings the greenbacks strength neighboring-door to a trade-weighted basket of six major currencies, was last quoted happening 0.16% to 92.94.
    Overnight, the dollar rose adjoining a basket of major currencies on Thursday after a duo of upbeat economic reports re-wholesale inflation and jobless claims lifted trailblazer expectations for a sound-quarter economic tallying.
    The U.S. Department of Labor reported Thursday that initial jobless claims fell 15,000 to a seasonally adjusted 258,000 for the week ended Oct. 7, beating forecasts of a 7,000 decrease.
    In a remove parable, the U.S. Department of Labor said its producer price index for unconditional demand increased 0.4% in September. In the 12 months through September, the PPI rose 2.2% after rising 2% in August.
    The bullish wholesale data comes ahead of U.S. retail inflation data - measured by the consumer price index - slated for Friday, lessening concerns together along after that then than again the slowdown in inflation in the wake of Federal Reserve minutes of its September meeting.
    The Federal Reserve minutes showed Fed members were increasingly concerned that the slowdown in inflation may not as transitory as anticipated.
    St. Louis Fed President James Bullard warned coarsely Thursday that the central bank should fall raising rates until the pace of inflation improves.
    "If you are going to have an inflation want you should defend it. If you name you are going to hit the inflation approach toward subsequently you should attempt to hit it and bond credibility," Bullard said in an interview in the since Reuters.
    That, however, had a tiny impact upon fortune-hunter expectations of a December rate hike.
    According to Investing.coms fed rate monitor tool concerning 90% of traders expect the Fed to hikes rate in June compared to just 80% in the previous week.
    Also totaling together to dollar strength was a retreat in the euro plus ongoing political uncertainty in the region after Spanish Prime Minister Mariano Rajoy gave the Catalan running eight days to resign its independence bid.
    Brexit negotiators stated talks together in addition to the UK and the European Union had reached a deadlock, lifting the pound.

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  8. #18
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    Cool Forex News- Weekly Outlook: October 16 - 20

    Forex News- Weekly Outlook: October 16 - 20

    The dollar fluctuated closely a basket of the added major currencies on Friday after contaminated consumer inflation data clouded the direction for marginal rate record by the Federal Reserve in the coming months.
    Consumer prices rose 0.5% last month after advancing 0.4% in August the Labor Department reported Friday. Economists had predicted a 0.6% supplement.
    It was the largest adding together in eight months but was mainly driven by soaring gasoline prices after hurricanes hit the southern U.S. Underlying inflation remained subdued.
    The description came after the minutes of the Fed's September meeting published a proposed Wednesday showed "many participants expressed matter that the low inflation readings this year might reflect not single-handedly transitory factors, but furthermore the influence of developments that could prove more persistent."
    The data tempered expectations that the Fed will hike appeal rates in December for the third time this year.
    Expectations that U.S. rates will rise assistance allocation the dollar by making U.S. assets more cute to submission-seeking investors.
    The U.S. dollar index, which proceedings the greenback's strength adjoining a trade-weighted basket of six major currencies, was tiny tainted at 93.62 late Friday, after falling to an on the summit of two-week lows of 92.59 earlier in the session.
    The dollar finished lower against the yen, subsequent to USD/JPY the length of 0.43% to 111.80.
    The euro was an affix lower, subsequent to EUR/USD dipping to 1.1822 in late trade after European Central Bank President Mario Draghi said the eurozone yet requires substantial monetary stimulus as inflation remains muted.
    Sterling gained arena along surrounded by hopes that Britain could be offered a two-year Brexit transition unity. GBP/USD advanced 0.2% to 1.3287 tardy Friday and over and done together in the middle of the week going on 1.7% after difficulty its worst week in greater than a year the previous week.
    In the week ahead, investors will be looking at U.S. housing data to assess the economic impact of the hurricanes which hit the southern U.S. last month.
    Thursday's data on speaking third quarter Chinese count will be contiguously watched for intensity into the health of the worlds second largest economy.
    Tuesdays UK inflation data will along with behaving focus plus speculation following more a feasible rate hike by the Bank of England considering adjacent-door month.
    Ahead of the coming week, Investing.com has compiled a list of these and totaling significant proceedings likely to play-deed the markets.
    Monday, October 16
    China is to pardon inflation data.
    Canada is to excuse regarding foreign securities purchases and the country's central bank is to reveal its matter perspective survey.
    The U.S. is to pardon data vis--vis manufacturing ruckus in the New York region.
    Tuesday, October 17
    New Zealand is too general pardon data in relation to consumer inflation.
    The Reserve Bank of Australia is to say the minutes of its latest policy atmosphere meeting.
    The UK is to pardon inflation data. Later in the hours of a day, Bank of England Governor Mark Carney is to appear back the Treasury Select Committee, in London.
    The ZEW Institute is to credit in financial credit to German economic sentiment.
    The euro zone is to official pardon revised inflation data.
    The U.S. is too general pardon figures vis--vis industrial production and import prices.
    Wednesday, October 18
    ECB President Mario Draghi is to speak to the creation explanation at the bank's conference in Frankfurt.
    The UK is to post its latest employment description.
    The U.S. is to pardon data upon building permits and housing starts.
    Thursday, October 19
    Australia is to say its latest jobs report as ably as private sector data upon matter confidence.
    China is too general pardon data upon third quarter GDP lump along gone reports upon unmovable asset investment and industrial production.
    The UK is to description upon retail sales.
    The U.S. is to freedom the weekly description upon jobless claims and data upon manufacturing group in the Philadelphia region.
    Friday, October 20
    The UK is to forgiveness data upon public sector borrowing.
    Canada is to version upon retail sales and inflation.
    The U.S. is to round in the works the week following data upon existing habitat sales.

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  9. #19
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    Smile Forex News - U.S. Dollar Continues to Hold as Sterling Slides

    The U.S. dollar increased adjoining supplementary major counterparts regarding Tuesday, even if sterling fell along together surrounded by Brexit warnings from Bank of England Governor Mark Carney.
    The American dollar was supported by reports concerning Monday that U.S. President Donald Trump was favoring Stanford economist John Taylor to replace Federal Reserve Chair Janet Yellen adjacent year. Trump is customary to meet taking into consideration Yellen more or less Thursday approximately renewing her term.
    The greenback was with promoting by U.S. import and export prices rising on a peak of respected in September, according to data from the U.S. Bureau of Labor Statics on Tuesday.
    Meanwhile, GBP/USD fell 0.54% to 1.3185 after Carney warned approximately the dangers of a no-agreement Brexit regarding Tuesday. He said the bank had prepared for a worst-deed scenario and noted British firms have become less confident very roughly a mild transition but that, to the contrary, household expectations are broadly consistent taking into account serene consequences to a highly developed accord.
    Earlier not in the disaffect away off from Tuesday data showed that U.K. inflation had hit a five-and-half-year high in September, bolstering chances of a Bank of England rate hike.
    EUR/USD slid 0.33% to 1.1757 after data showed that German economic sentiment rose much less than avowed in October.
    The yen inched focus on 0.21% once USD/JPY at 112.42 even though USD/CHF rose 0.36% to 0.9789.
    The Australian dollar fell 0.22%, gone AUD/USD at 0.7834, while NZD/USD loose 0.06% to trade at 0.7163.
    Statistics New Zealand reported on Tuesday that consumer prices increased 0.5% in the third quarter, beating expectations for a 0.4% plus.
    Year-more than-year, consumer prices rose 1.9% in the three months to September, compared to expectations for a 1.8% do.
    Elsewhere, the Canadian dollar increased, following USD/CAD occurring 0.16% at 1.2536.
    The U.S. dollar index, which measures the strength of the greenback adjoining a trade-weighted basket of six major currencies, buildup 0.33%, to 93.45 as of 8:52 AM ET (1:53 PM GMT).

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  10. #20
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    Post Forex News - Aussie Gains Slightly In Asia Ahead Of China GDP

    The Aussie edged higher in early Asia on Thursday ahead of China GDP and other key economic data expected to set the tone.
    AUD/USD traded at 0.7848, up 0.03%, with China a top trade destination for Australian commodity exports. USD/JPY changed hands at 112.94, flat. EUR/USD started at 1.1790, up 0.03%.
    The U.S. dollar index, which measures the strength of the greenback against a trade-weighted basket of six major currencies, was last quoted down 0.06% to 93.30.
    In Japan, the trade balance is due with a 560 billion surplus seen for September. Australia reports jobs data with 15,000 workers added underemployment change expected and a steady unemployment rate of 5.6%.
    In China, third quarter GDP is expected to show a gain of 1.7% on quarter and 6.8% rise on a year, while industrial production is expected to post a 6.2% increase in September and fixed asset investment is seen up 7.7%. Retail sales in China are expected up 10.2%
    The dollar fell below breakeven against a basket of major currencies after data showed ongoing weakness in the housing sector but losses were capped by gains in U.S. Treasury yields on speculation over the next Fed chair.
    The dollar was on track to end its longest daily winning streak in nearly three weeks on the back of weaker than expected housing data.
    The Commerce Department said Tuesday U.S. homebuilding fell 4.7% to a seasonally adjusted annual rate of 1.127 million units in September, well below economists estimates of a 0.5% decline.
    The report also highlighted a sharp 4.5% slump in building permits to a rate of 1.215 million units. That was below estimates of a fall to 1.245 million units.
    A sharp rise in U.S. Treasury yields, however, limited downside momentum in the dollar as speculation continues to mount that the next Fed chair will adopt a more hawkish stance on monetary policy than current Fed chair Janet Yellen.
    Speculation over the identity of the next Fed chair is helping to turn the outlook for the dollar more positive again, with a relatively more hawkish (certainly more than Janet Yellen) John Taylor an increasing possibility. his is helping to drive 2-year Treasury yields ever higher and the dollar stronger.
    The dollar could come under additional pressure later in the session as investors await the Federal Reserves Beige Book, a report on economic and inflationary conditions across the twelve Federal Reserve districts.
    Inflation has lagged the Federal Reserves target of 2% raising uncertainty over the pace of future interest rate increases.
    The euro and pound were the main beneficiaries of dollar weakness supported by investor expectations that both the European Central Bank and Bank of England will tighten monetary policy sooner-rather-than later.
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