Here is what you need to know on Friday, October 18: The US Dollar (USD) struggles to preserve its strength as risk mood improves on the last trading day of the week.
Here is what you need to know on Friday, October 18: The US Dollar struggles to preserve its strength as risk mood improves on the last trading day of the week. Building Permits and Housing Starts data for September will be featured in the US economic docket on Friday. Several Federal Reserve policymakers are scheduled to speak later in the American session. The USD Index toucheda new multi-month-high above 103.80 on Thursday before losing its traction.
Following a three-day slide, AUD/USD reversed its direction and rose nearly 0.5% on Thursday. The pair continues to edge higher early Friday and trades above 0.6700. The UK's Office for National Statistics reported early Friday that Retail Sales rose 0.3% on a monthly basis in September. This reading followed the 1.% increase recorded in August and came in better than the market expectation for a decline of 0.3%.
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