#Currency | #MarketUpdate for 17th Oct 2024:

- Dollar Strengthens: #Dollar surges to an 11-week high of 103.60 as investors rule out a major #Fed rate cut, buoyed by #Trump potential #election win.
- Sterling Falls: #Sterling drops 0.7% to a two-month low amid weak #inflation data, raising odds of aggressive #BOE cuts.
- Euro Dips: #Euro falls to an 11-week low of $1.0853, with markets eyeing a 25-bps #ECB rate cut.
- Yen and Aussie Slide: #Yen down 0.4% against the #US Dollar #Aussie slips to its lowest since September, dropping 0.6% to $0.6663.

#Forex #USD #GBP #Japan #Australia #Europe #England #CenturyFinancial
#Currency #MarketUpdate #Dollar #Fed #Trump #election #Sterling #inflation