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Germany: ZEW Survey – Economic Sentiment drops to -3.6 in October

FXStreet (Łódź) - The German ZEW Survey – Economic Sentiment deteriorated in October, falling to -3.6 from 6.9 in September, the Zentrum für Europäische Wirtschaftsforschung reported today. Market consensus pointed to a decrease to 1.0.

The German ZEW Survey – Current Situation dropped to 3.2 from 25.4, considerably below forecasts of a decline to 18.0.

USD strength reversal approaching - BTMU

According to Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ the downside correction in risk assets should be accompanied by a reversal of USD's recent strength.
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USD/JPY rebounded from monthly lows, but retreats again

USD/JPY refreshed monthly low, posting 106.75 at the open, before rebounding to 107.30; currently it is trading at 106.90.
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