The Dollar was under pressure on Wednesday after Septembers FOMC meeting minutes revealed some Fed members were concerned over inflation. Dollar weakness was seen across the currency markets with the EURUSD supported, while commodities such as Gold traded higher. Much attention will be directed towards the PPI report in the States which could give us a taster of inflation before the CPI report on Thursday.
– #EURUSD has traded towards 1.1850 – #GBPUSD remains pressured – #Gold bears in control below $1300
The Dollar was under pressure on Wednesday after Septembers FOMC meeting minutes revealed some Fed members were concerned over inflation. Dollar weakness was seen across the currency markets with the EURUSD supported, while commodities such as Gold traded higher. Much attention will be directed towards the PPI report in the States which could give us a taster of inflation before the CPI report on Thursday.
– #EURUSD has traded towards 1.1850
– #GBPUSD remains pressured
– #Gold bears in control below $1300
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