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Where's the flow? Central Banks are key - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that the major currency pairs traded in limited ranges for a second day in-a-row, amid a dramatic reduction in volumes ever since mid last week.

Key Quotes:

'Investors are waiting for clues over the upcoming economic policy decisions, starting with the ECB next Thursday and the BOJ and the FED by the end of the month."

"Macroeconomic data released this Tuesday failed to trigger interesting moves, although in balance, things continue to look worsening in Europe, given that German producer prices index fell by 2.1% in September, compared to a year before, much worse than the previous -1.7%."

"The EU Current Account surplus for August, hardly a market mover, shrunk to €17.7B, while July data was revised higher, from €22.6B to €25.6B. In the US, housing starts rose by 6.5% in September to an annual rate of 1.21M, following two months of declines, and approaching the 8-year high reached past June."

NZD/USD drops further on stronger USD and a decline in dairy prices

NZD/USD extended the decline and reached a fresh 6-day low at 0.6734. Currently is trading at 0.6740/45, down 0.65% for the day.
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GBP/USD: 1.5520 is key, failures provoke 1.5400 - Scotiabank

Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained GBP/USD is a relative underperformer with a modest gain in the context of broad-based USD weakness, consolidating within a relatively tight range with no response to expectedly hawkish comments BoE MPC member McCafferty.
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