- The Greenback trades in the red as US bank earnings are disappointing.
- Expect some fireworks around 12:30 GMT with US Retail Sales numbers.
- The US Dollar Index is in the middle of October’s range.
The US Dollar (USD) is trading in the red with the European session beyond halfway. The Greenback breaks lower as earnings from Goldman Sachs and Bank of America are good, though not showing substantial growth and profit. Meanwhile with the earnings issued, some guiding remarks for the earnings are pointing to possible staff cuts, wage freezes and focus back to core markets.
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