FX Update: The dollar has been seeing a steady-to-softer price action
FX Update: The dollar has been seeing a steady-to-softer price action versus the other main currencies. AUD-USD managed to eke out a fresh one-month high, at 0.6838, despite an ongoing sputtering price action in risk-wary global stock markets. EUR-USD nudged higher after posting an intraday low at 1.1114 and came within a couple of pips of testing seven-week high that was seen yesterday at 1.1139. The pair had been buoyed lately by the improved Brexit picture (deal yet to clear the UK parliamentary vote hurdle, but the risks of a no-deal are much less than they were), which has been a benefit to the euro. USD-JPY has settled above yesterday's two-day low at 108.45. The pound lifted from the mid 1.2800s to around the 1.2900 level against the dollar, though remained below the five-month high seen yesterday at 1.2990. Regarding Brexit, the focus in the UK now is on Saturday's parliamentary vote on PM Johnson's deal with the EU on divorcing terms. It's too-close-to call. The FT was estimating that PM Johnson is three votes shy of having the numbers to pass his Brexit deal at tomorrow's vote in Parliament. This may not be accurate while some members may not have made up their minds yet. Overall, the vote -- which will have existential consequences for the UK -- is too close to call.