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Currency Analyst since 2010

Oct. 2: MARKET REVIEW

USD: down on the speculation its recent gains have been too fast, and after weaker data from America released yesterday.

AUD/USD: up to $0.8815 as Australian building approvals rose by 3.0% vs. 1.1% expected.

AUD, NZD: property restrictions in China have been eased (positive factor).

GBP/USD: up to $1.6250 ahead of the UK construction data (08:30 GMT).

EUR/USD: up to $1.2670. The market’s waiting for the ECB meeting and press conference (11:45 and 12:30 GMT).

JPY: strengthened as a safe haven on the concerns about global growth and Ebola health scare in the United States.

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