U.S. equity markets closed October on a new monthly high; however a lack of upside momentum in global PMIs (released across Europe and China) has deflated markets into the open. This week is an important one, with the U.S. mid‐term elections and labour metrics from the U.S., Canada and Australia and central bank meetings from the ECB, BoE and RBA. Into the open the USD is broadly stronger with JPY suffering the bulk of the losses.
Read the full report: FX Daily