Oct 18th 2016: US Data Takes a Dip

  • This morning, the Dollar index is on the back foot after US data disappointed yesterday. Empire State, capacity utilisation and industrial production all came in below expectations.
  • The USD/JPY is following a similar path, with gains made this morning.
  • The Australian and New Zealand dollars are stretching ahead of their peers after the release of the latest RBA meeting minutes.
  • Meanwhile, the EUR/USD is slightly positive after a solid recovery yesterday.

Coming up today: 

  • Coming up today, we have UK CPI and RPI at 09.30.
  • This is followed by US CPI and Canadian manufacturing sales.

Trade Idea: 

  • The Australian dollar continues to outstrip its peers and the AUD/JPY looks a healthy vehicle to play with.

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