Market Overview

ForexLive North American Wrap: Sandy in the Gears

ForexLive North American Wrap: Sandy in the Gears

Hurricane Sandy bears down on East Coast
US stocks and bonds closed, to stay closed Tuesday
US personal spending +0.8% vs +0.6% exp
PCE core +1.7% y/y vs +1.7% exp
German HICP +2.1% vs + 2.0% exp
Dallas Fed manufacturing +1.8 vs flat reading exp
Canada budget officer forecasts 1.5% growth in 2013
OECD head: ECB must buy debt on secondary market immediately
Spain outlines bad bank loss provisions
US Treasury lowers Oct-Dec borrowing estimate
Rajoy: Spain and Italy have an unbreakable commitment to euro
Juncker: Grexit talks has to stop
Consumer confidence data postponed
USD leads, GBP lags

Some good US dollar demand at the London fixing was the only move on the day. That boosted USD/JPY above 79.75.

Cable hit stops below 1.6050 and AUD/USD was similar below 1.0340.

USD/CAD rose above parity (albeit barely) for the first time since August. Here is an amazing article on the move with some brilliant insight.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: News Forex Global Markets


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