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Market News

USD Remains Elevated

Tuesday 17th of October

Local Markets:

The greenback remains elevated against its G10 trading peers and the dollar index rose to 93.54 up 0.26%. Tension heats up with the war of words between North Korea and the United States; North Korea Ambassador to the United Nations said that “the US entire mainland is now within our firing range.” This statement comes just before the US, and South Korea are to practice naval exercises in the Korean Peninsula, and the North Koreans see this as a threat. This morning Import and Export price indexes came in better than expectations. Later in the morning, we will have Capacity Utilization along with Industrial Production. US Fed's Harker Speaks on Equitable Transit at 1 pm.

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