Norway Trade Balance: 15.5B (September) vs previous 20.8B

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Oct 15, 2015

EUR/USD drops as European stocks rally

The bid tone on EUR weakened, making way for a correction in the EUR/USD pair after the European stocks cheered the drop in the Fed rate hike bets.

USD selling, across the board as bulls run for cover - Investec

Research Team at Investec, note that after the US Retail Sales came in softer than expected, US Dollar selling was witnessed across the board as investors were likely concerned that if consumer spending remains muted, it will be difficult for inflation to recover in the US with a backdrop of subdued energy prices.