Forex Focus: AUD/USD +0.1% Leads FX as EUR/USD Holds 1.1203

Transcript

EUR/USD sits at 1.1203 at the London open, down 0.02% over the last twenty-four hours. GBP/USD trades at 1.3234, gaining 0.04% over the day. USD/JPY is marked at 158.23, shedding six pips, or 0.04%. Our pair of the week is AUD/USD, advancing 0.52% across the past seven days. In central bank activity, the Reserve Bank of India stepped up currency interventions today, driving a one percent rupee jump. Framing the dollar, the effective Fed funds rate stood at 3.75% as of September first. Treasury yields show the two-year at 4.75% and the ten-year at 5.22%, both as of October eighth. The ten-year two-year yield curve sat at positive 0.44 percentage points as of October ninth. That's Forex Focus for the London open.