Although official data showed that the German Ifo Business Climate Index increased to 110.5 in Oct, beating analysts’ forecasts, EUR/USD remains around its seven-month lows as hopes for a U.S. rate hike before the end of the year kept the U.S. currency around recent highs. Where will the exchange rate head next?

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Earlier today, the USD Index extended gains and climbed to its highest level since Feb. How did this increase affect our six currency pairs?

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Earlier today, the USD Index extended gains and climbed above 98.60, breaking above the Feb and Mar highs. As a result, EUR/USD declined under short-term support levels. How low could the exchange rate go in the coming week?

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Earlier today, official data showed that Australian employment change dropped by 9,800 jobs, widely missing analysts’ expectations. Additionally, a participation rate declined to 64.5%, also missing forecasts. Thanks to these circumstances, AUD/USD declined sharply, invalidating yesterday’s breakouts. What does it mean for the exchange rate?

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Earlier today, the Office of National Statistics reported that the U.K. unemployment rate remained steady at 4.9% between June and August, suggesting that the Brexit vote didn’t hit the labor market so far. In this environment, GBP/USD extended gains and climbed above the last Wednesday’s high. But did this move change anything in the overall picture of the exchange rate? What happened at the same tie with our other currency pairs?

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