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07:05
10/18/16
10/18
07:05
10/18/16
07:05

FX Update: The dollar traded softer

FX Update: The dollar traded softer, putting EUR-USD back above 1.1100 and USD-JPY below 104.00. A rare rebound in the pound, which was seen during the Asian session and extended in London following perkier than expected UK inflation data, along with a rally in the NZ dollar, were also in the mix. The weakness in the greenback follows remarks by Fed vice chairman Fischer yesterday, who said that slow productivity growth, demographic changes and weak investments are drivers of persistently low interest rates.

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