Published: 2024-10-28T19:47:24.000Z
North American Summary and Highlights 28 October
Senior Economist , North America
2
Overview - USD/JPY continued to show volatility but the USD was little changed overall in a slow news day.
North American session
In a session with limited news USD/JPY recovered from below 152.50 to 153.20, while EUR/USD was stable near 1.0820. GBP/USD peaked at 1.30 and slipped back to 1.2980. USD/CHF, after peaking near .87 in Europe slipped back to .8650. USD/CAD had little direction but AUD/USD slipped below .66.
European morning session
The USD was generally lower through the European morning, particularly against the JPY, with USD/JPY dropping nearly a big figure to 152.50, reversing the gains seen in Asia though stopping just short of closing the opening gap at 152.36. EUR/USD also gained 25 pips to 1.0820 in what was generally a quiet session for news. The USD was generally a touch softer across the board, mostly in line with the EUR move, but the exception was the NOK, with EUR/NOK gaining 3 figures to 11.90.