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30 Oct 2019

Eurozone Consumer Confidence Index fell to -7.6 in October as expected

Consumer confidence in the eurozone weakened in October.
The shared currency largely ignored the sentiment data.

According to the latest business and consumer surveys published by the European Commission on Wednesday, the Consumer Confidence Index for the eurozone fell to -7.6 in October from -6.5 in September and came in line with the market expectation.

"In October 2019, the Economic Sentiment Indicator (ESI) decreased in both the euro area (by 0.9 points to 100.8) and the EU (by 0.9 points to 99.0)," the Commission further added in its press release.

The EUR/USD pair showed no reaction these readings and was last seen trading at 1.1110, where it was virtually unchanged on a daily basis.

Oct 30, 2019

EUR/JPY Technical Analysis: further upside now targets the 121.50 region

EUR/JPY Overview Today last price 120.96 Today Daily Change 20 Today Daily Change % -0.03 Today daily open 121 Trends Daily SMA20 119.55 Daily SMA50

Brazil: BCB to cut rates by 50bps – TDS

Analysts at TD Securities and the market is expecting the BCB to cut rates by 50bps, and to continue indicating further easing. Key Quotes “With infla