European Open Preview – Fed minutes boost dollar; pound eyes UK retail sales
Posted on October 18, 2018 at 8:00 am GMTHere are the latest developments in global markets: FOREX: The dollar index is up by nearly 0.20% on Thursday, building on the strong gains it recorded yesterday, aided by a hawkish tone in the latest Fed minutes. Meanwhile, the worst performers on Wednesday were the euro and loonie, amid Italian budget concerns and a sharp drop in oil prices respectively. The pound traded choppy and lower overall, weighed on by soft UK inflation data and the absence of real progress [..]