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Currency Analyst since 2010

Oct. 27: MARKET REVIEW

Risk sentiment’s slightly upbeat after positive US housing data and Britain’s GDP published at the end of the last week. AUD/USD is a bit on the upside, in the $0.8800 zone.

EUR/USD edged up to the $1.2700 area. The ECB’s stress tests turned out to be better than expected. According to the ECB, most of the region’s top lenders which failed the health checks at the end of last year have since repaired their finances.

GBP/USD consolidates around $1.6100. CBI Realized Sales come out at 11:00 GMT. MPC member Shafik speaks in the evening.

USD/JPY back below 108.00 yen despite the positive market sentiment.

NZD/USD trades above $0.7850 after the last week’s selloff.

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