Commerzbank’s Thu Lan Nguyen revises the EUR/USD outlook as US political risk recedes and Euro area risk rises. With Trump constrained by a divided Senate, the Dollar faces fewer politically driven easing threats, while French elections and Euro area debt concerns weigh on the Euro.
The US Dollar (USD) maintains its bullish tone against the Swiss Franc (CHF) on Friday, buoyed by higher US Treasury yields, as Federal Reserve (Fed) officials open the door for a 50-basis-point rate hike in December.
The Pound Sterling prolongs its agony versus the US Dollar, diving for the third straight day and approaching the 1.3200 level, even as US jobless claims came in above forecasts, while UK Gross Domestic Product (GDP) data show the economy is growing steadily.