The Dollar remained the currency of choice this week as weakness in other currencies kept the Dollar strong by default. The dollar gained 1.5% against the Euro following the more dovish tone from European Central Bank meeting. The Dollar gave up a modest amount against the pound but with strong UK inflation and employment data followed by news form the high court suggesting parliament are likely to get a vote on article 50, the gain made is looking pretty unimpressive and suggests that the Pound will remain more vulnerable to any further negative news.
Following the final presidential debate Hilary Clinton has maintained a healthy lead in the polls with Donald Trump once again helping her out this time suggesting he will not accept the result if he loses the race. Undermining the American democratic process does not seem to be a good move with just over 2 weeks to go. With the market considering a democratic win as ‘better the devil you know’ the US dollar remains stable.