EncoreFX’s daily market updates are written by our experienced and professional dealing team.
Author: Dennis Li
The USD dropped on weaker-than-expected US retail sales data for September coming in at 0.1% compared to expectations of 0.7%, we saw the AUD edge up 0.3% against the USD, 10yr treasury yields plateaued around 3.15%, UK and Italian yields also eased, letting the AUD firm against the GBP and EUR as Britain was unsuccessful to secure a Brexit deal on Monday ahead of the EU summit held later this week.
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