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Orbex Daily Forex Analysis For October 24th 2014

Orbex Daily Forex Analysis For October 24th 2014

Guest post by Jay Hawk at Orbex

Fundamental Currency Analysis

USD: The U.S. Dollar Index is currently off -0.0780 or -0.09% after opening at 85.8220 in Asia earlier today. The Greenback is again mixed against most majors, with the U.S. currency steady against Sterling, the Euro and the Swissy, lower against the Kiwi, and higher against the Australian and Canadian Dollars. Yesterday’s U.S. economic releases had Weekly Initial Jobless Claims increase to 283K from 266K versus a consensus of 269K, while Flash Manufacturing PMI printed at 567.2 compared to an expected reading of 57.2. Today’s economic data is limited to New Home Sales (+473K).

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