Forex news for US trading on September 30:
– Chicago PMI 48.7 vs. 53.0, estimate
– Dudley: Expect volatility to mount as liftoff gets closer
– Gold down $12 to $1115
The soft Eurozone inflation numbers continued and finally weighed on the euro as talk about more QE did the rounds. Most of the damage was done in Europe as the pair opened US trading at 1.1205 but dropped to 1.1158 before London closed. Afterwards it was a chop towards 1.1177.