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ForexLive European FX morning news wrap: Markets off to a lively start as a new week gets underway

Forex trading news and economic data headlines 14 Nov 2016

News:

Data:

A lively start to the week which has seen EURUSD post 11-month lows before recovering while USDJPY finds sellers above 108.00

Equities have remained in positive mode with bond yields all firmer again before finding some small correction/profit-taking.

From 11-month lows of 1.0729 we've seen 1.0781 helped by SNB-assisted EURCHF rally to 1.0743 from 1.0687 and USDJPY falling from 108.16 to 107.75 before finding fresh demand.

In the meantime EURGBP has fallen to 0.8582 before holding again and that first rally, along with the early USD demand saw cable fall to 1.2464. Supply above 0.86 though has seen GBPUSD back up to 1.2538

USDCHF has bounced to 0.9974 from 0.9920 on the SNB support while USDCAD has remained underpinned on softer oil and genera USD demand

AUDUSD has tight-ranged between 0.7530-60 on cross-ccy flows as has NZDUSD between 0.7080-0.7100

A busy start to the week and Draghi speaking later to throw into the current heady mix.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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