FX Update: The Dollar has traded mixed
FX Update: The Dollar has traded mixed, gaining versus the Yen while losing ground to Dollar Bloc currencies, with a rebound in European equity markets and S&P 500 futures facilitating some squaring out of risk-off positioning. EUR-USD recouped to near 1.1400 from the 113.58 low see yesterday, while USD-JPY lifted back above 113.00 during the London AM session. Most Yen crosses have also lifted, too. Sino-U.S. trade tensions remain on the boil, with the Trump administration saying that China had "no altered" its alleged predatory trade practices. In data today, Japan's all-industry activity index contracted by 0.9% m/m in September. AUD-USD lifted out of yesterday's one-week low at 0.7202 to the 0.7235 area. USD-CAD steadied after rallying strongly during yesterday's 5%-plus oil price rout, which drove underperformance in the Canadian Dollar. The pair has retreated back under 1.3300 after leaving a five-month high at 1.3318 yesterday. Oil prices have rebounded by 2% so far today. Sterling has been trading neutrally so far today. Cable flipped back above 1.2800, tracking EUR-USD. The UK government and Brussel's are scrambling to finalise a deal ahead of Sunday's special EU summit, though it remains highly uncertain that the Brexit plan will pass in parliament. There is a flurry of U.S. economic data releases today ahead of the Thanksgiving holiday tomorrow.