Currency Analyst since 2010

Oct. 22: Asian session

The market players are waiting for the release of US employment data (12:30 GMT) in order to assess the timing for the reduction in the Fed’s stimulus. According to the consensus forecast, Non-Farm Payrolls (NFP) added 182K in September.

EUR/USD edged down to $1.3660. There will be no important data out of Europe today. GBP/USD slid a bit to $1.6115. Britain will release public sector net borrowing figures at 08:30 GMT. USD/JPY extends the rebound, strengthening to 98.35. USD/CHF went slightly up to 0.9035.

AUD/USD is consolidating in a tight $0.9645/60 range. Aussie weakened after a multiple failure to break above$ 0.9680. NZD/USD is trading in the $0.8438/57 range after having formed a bearish candle yesterday. There are no data releases on the Asian agenda today. Markets are waiting for the US data to come in the evening. USD/CAD is stuck at 1.0300. Canada is to publish retail sales figures at 12:30 GMT.


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