Session Recap: Dollar softer in subdued trade

FXStreet (Córdoba) - A quiet European session has seen the dollar giving up some ground against most competitors, although familiar ranges persist.

EUR/USD managed to rise throughout the European morning despite weak German data, although it lacked momentum to regain the 1.2800 level. GBP/USD also moved a tad higher above 1.6100, hitting an 11-day peak of 1.6147 before finding resistance. USD/JPY pulled back below 107.00 while USD/CHF dipped to a low of 0.9430.

Currencies linked to commodities held onto small intraday gains even though European stocks failed to follow Asian peers lead higher.

No major US data expected, while Canada will release August wholesales sales. Speeches by Fed's Powell, Dudley and Tarullo are scheduled.

Main Headlines in Europe:


Germany: Annual Producer Price Index falls 1.0% in September

European Monetary Union Current Account n.s.a dipped from previous €32.3B to €15.1B in August

Ftse declines with the rest of the European markets

Nikkei leaps 3.9% as GPIF boosts share allocation

Bitcoin stuck in a range

Gold trades in green