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USD offered within established narrow ranges of recent weeks - ANZ

Analysts at ANZ explained that markets were reasonably quiet ahead of US Thanksgiving tomorrow. 

Key Quotes:

"The USD remained on the back foot, but within the established narrow ranges of recent weeks. US October durable goods orders disappointed, but the trend in core orders remains strongly positive with the 3m average running at 1.0% m/m, or 12% annualised."

"In line with Yellen’s remarks earlier this week the UoM survey of inflation expectations confirmed they remain soft, which reinforces the gradual outlook for Fed policy."

"The yield on the US 10-yr note eased 2bps to 2.234%. Equities had a mixed session. The S&P 500 was unchanged at the time of writing, the FTSE 100 finished slightly higher, but European stocks declined (-0.5% Euro Stoxx). Commodities improved led by oil and softs."

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