Dollar holds gains after upbeat U.S data

The U.S commerce Department said on monday that consumer spending increased 0.5% in Sep 2016 and decline compare to Aug is 0.1%

Personal income meanwhile increased by 0.3%in sep.

However, the U.s dollar gains were capped by heightened politocal uncertainaity after the FBI said it would review more emails related to hillary.

EUR/USD slid 0.35% to 1.0948 after data showed that the pace of economic growth in the euro zone was unchanged in the third quarter from the second.

Elsewhere GBP/USD fell 0.25% at 1.2161

USD/JPY rose 0.29% to 105.04 while USD/CHF edged up 0.12% to 0.9893.

The Australian dollar was steady with AUD/USD at 0.7603 & NZD/USD 0.24% to 0.7150.

Canadian dollar was little changed at 1.3397.



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Mirza
PCM Brokers DMCC
Executive Coordinator