The USD/CHF remains subdued on Friday, yet the pair trades below 0.8000 poised to finish the week with modest gains of over 0.25%. At the time of writing, the pair trades at 0.7956m, virtually unchanged.
Euro (EUR) is likely to trade in a range between 1.1590 and 1.1635. In the longer run, downward momentum is building; EUR is likely to trade with a downward bias, potentially retesting the 1.1540 level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The British Pound has accelerated its uptrend on Friday, reaching fresh two-week highs in the area of 203.90, buoyed by an unexpected increase of September’s UK Retail Sales figures, and is on track to close the week with a o0.8% advance, its best weekly performance since July.
FX option expiries for Oct 24 NY cut at 10:00 Eastern Time via DTCC can be found below.
Downward momentum has eased with the rebound; Pound Sterling (GBP) is likely to trade in a sideways range of 1.3330/1.3380. In the longer run, GBP is likely to edge lower within a lower range of 1.3310/1.3435, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Euro (EUR) is likely to trade in a range between 1.1580 and 1.1625. In the longer run, downward momentum is building; EUR is likely to trade with a downward bias, potentially retesting the 1.1540 level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for Oct 23 NY cut at 10:00 Eastern Time via DTCC can be found below.
The US Dollar (USD) snapped a multi-day positive run, coming under renewed downside pressure after hitting fresh weekly highs amid somewhat mitigated concerns on the US-China trade front, while the lack of news surrounding a deal to end the US federal government shutdown continued to prevail.
Euro (EUR) could test 1.1580; a sustained drop below this level is unlikely. In the longer run, downward momentum is building; EUR is likely to trade with a downward bias, potentially retesting the 1.1540 level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for Oct 22 NY cut at 10:00 Eastern Time via DTCC can be found below.
The New Zealand Dollar recovers some ground as Wednesday’s Asian session begins, yet it remains hoovering at around 0.5740 for the third straight day, below the 20-day Simple Moving Average (SMA).
The US Dollar (USD) managed to regain traction and clocked a marked bounce on turnaround Tuesday. The Greenback’s recovery came on the back of easing trade tensions and alleviated fears surrounding the US credit risk.