The dollar ended the week on a new low, down -0.3% (Dollar Index tries to preserve the 104, it loses 1.7% over the past week) and the euro gained symmetrically +0.35% towards 1.0890, its best score since August 30.
As for equities, everything is moving very fast: the bullish rally didn't even start until November 1 (1.0520), whereas Wall Street had begun its rebound on October 26.

The Yen stood out for the second consecutive session, with a further advance of +0.65 against the Dollar, to 149.75 (that's almost 2pts in 48H).

The "figures of the day" did not work against the Dollar: the Commerce Department reported a 1.9% rise in US housing starts in October, to an annualized rate of 1,372,000, a level rather above economists' expectations.

Similarly, U.S. building permits - thought to be a precursor of future housing starts - rose by 1.1% to an annualized rate of 1,487,000 last month, also exceeding consensus.

The oil market is attempting to halt its correction due to the increasingly serious prospect of a slowdown in the global economy.
Oil prices are often symmetrical with the dollar, but this week, the 2 fell in tandem.

Brent crude oil is the 'fact of the day', rising +4% to $87.5 a barrel, as is US light crude (West Texas Intermediate, WTI), which is up +4% to $75.8 from $72.8 the previous day on the NYMEX.


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