After showing speculative signs of being able to challenge higher terrain one week before, WTI Crude Oil has returned to its known price lower price realm rather comfortably.
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Following an apathetic start to the week, the US Dollar (USD) managed to regain impulse on the back of hopes for a US-China trade deal and Chair Jerome Powell’s prudent message after the Federal Reserve (Fed) matched consensus on Wednesday, trimming its Fed Funds Target Range (FFTR) by a quarter per
The US Dollar (USD) built on the previous week’s gains and advanced to multi-week highs.
The EUR/USD pair ended October with a weak note, barely holding above a three-month low of 1.1522 posted in the last trading day of the month. The pair is down for a second consecutive week following the Federal Reserve (Fed) and European Central Bank (ECB) monetary policy decisions.
The Pound Sterling (GBP) accelerated its recent declines against the US Dollar (USD), as GBP/USD briefly revisited levels under the 1.3150 psychological mark.