United Kingdom Markit Services PMI came in at 56.2 below forecasts (58.5) in October
Nov 5, 2014
LME Inventory Update
The daily inventory data released by the London Metal Exchange (LME) today showed a decline in the inventory levels Copper and Lead. Meanwhile, the data showed a rise in the inventory levels of Aluminium and Zinc.
Derek Halpenny, European Head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ notes USD/JPY was lifted following BoJ governor Haruhiko Kuroda's speech overnight, in which he reiterated commitment to aggressive monetary policy stance until inflation target is reached.