Currencies wobbled in a week that saw a failed EU Summit on Brexit and mixed economic data from the US. What’s next? A first look at Q3 GDP in the US, and rate hikes from the ECB and the BOC stand out. Here the highlights for the next week.
US retail sales disappointed with an unexpected drop while JOLTs job openings showed another record high. The upbeat FOMC Meeting minutes kept the greenback bid against its peers but it never went too far. No breakthrough was reached in the EU Summit on Brexit and the clock is ticking. This put pressure on the pound and also a bit on the euro.
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