The Euro (EUR) is up a modest 0.2% vs. the US Dollar (USD) and a mid-performer among the G10 currencies as we head into Friday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The AUD/USD pair gains slightly to near 0.6605 during the European trading session on Friday. The Aussie pair moves higher as the Australian Dollar (AUD) gains amid easing bets supporting interest rate cuts by the Reserve Bank of Australia (RBA) in the policy meeting in November.
The NZD/USD reversed its course on Thursday as it formed a doji after hitting weekly highs near the 200-day Simple Moving Average (SMA) of 0.5845, but it reversed, ending the day virtually unchanged at around 0.5816.