US Dollar Gains Against Major Currencies
EUR/USD
The euro fell against the US dollar at the end of last week, after figures showed a widening deficit in the European Trade Balance for the month of August and an unchanged core CPI level. The US dollar was supported by the rise in the Consumer Confidence Index to 92.1 for the month of October.
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GBP/USD
The pound fell against the US dollar due to the absence of economic data from the UK on Friday and the positive US data which showed a rise in the Capacity Utilization and the Consumer Confidence Index.
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| Time GMT | Event | Vol | Previous | Forecast |
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USD/JPY
The Japanese yen fell against the dollar with the absence of Japanese economic data. While, the American dollar found support against major currencies due to the positive data released on Friday.
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| Time GMT | Event | Vol | Previous | Forecast |
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AUD/USD
The Australian dollar fell against the US dollar because of profit-taking on the Australian dollar after the high levels recorded by the Australian dollar in the last two weeks.
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| Time GMT | Event | Vol | Forecast | Previous |
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GOLD
Gold prices fell after a four-day rally as the US dollar traded higher against all major currencies on Friday, supported by the positive data released.
OIL
Crude oil prices rose due to profit-taking after it fell to its lowest level in a week during Wednesday’s trading session.
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