Forex news for North American trade on Oct 15, 2018:

Markets:

  • Gold up $9 to $1227
  • WTI crude up 33-cents to $71.67
  • US 10-year yields down 1 bps to 3.15%
  • S&P 500 down 16 points to 2750
  • NZD leads, USD lags

It was a less-eventful day that much of last week. Sentiment was neutral for most of the day with the retail sales report weak on the headline but stronger on some key details. The US dollar was largely chopping sideways and consolidating earlier moves that saw it lose ground against the yen.

USD/CAD was a mover on an upbeat BOC survey. It showed strong investment intentions and a tight labor market. USD/CAD rose as high as 1.3050 in the hour leading up to the report and then sank down to 1.2955 afterwards before bouncing to 1.2985.

Cable closed the opening gap in early European trading and the finished out the day flat. Tusk had some pessimistic comments but they didn't little to move the market.