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[QUOTE="limyeeshin, post: 112312, member: 35099"] [B][U][SIZE="5"][COLOR="Blue"][CENTER]Thursday 20 October 2016[/CENTER][/COLOR][/SIZE][/U][/B] [B][U][COLOR="Red"]Greenback holds steady overnight after mixed housing data[/COLOR][/U][/B] The U.S. dollar held firm against the other major currencies, remaining close to seven-month highs as investors were digesting the mixed U.S. housing data. The Commerce Department reported Wednesday that housing starts plunged by 9.0% to 1.047 million units, falling from 1.150 million units in August. Building permits rose 6.3% to 1.225 million units from 1.152 million units in the previous month, beating 0.9% gain forecasted by economists. Meanwhile, the final three U.S. presidential debates between Trump and Clinton showed ongoing sharp talks over taxes and foreign policy with one bitter exchanges over which candidate would deal better with Russian President Putin. While most recent polls favor Clinton, Trump also declined to assure he would accept the result of what he claimed was a rigged process rife with voting fraud. The dollar gained 0.01% at 97.88 against other major currencies. Major currencies showed limited reaction to the final debate, while Mexican peso edged higher by gaining 0.2% for the day. [B][U][COLOR="Red"]Euro defensive before ECB[/COLOR][/U][/B] The euro hovered around a three-month low ahead of the European Central Bank meeting later on Thursday. The main focus from the ECB meeting is whether the ECB President Mario Draghi will give any indications for addressing its bond purchase program. From last week’s discussion, it is widely expected that the bank will not change the asset purchasing until December. An analyst commented that if Draghi highlights the need for further stimulus, the loss is likely to extend but if he positions optimistic and emphasizes resilience, the currency could be recoverable. EUR/USD eased 0.1% and traded at 1.0969, near Wednesdays’ three-month low of 1.0955. [B][U][COLOR="Red"]Aussie weakens after jobs report[/COLOR][/U][/B] The Australian dollar weakened in Asia on Thursday after downbeat employment report, disappointing expectations by analysts. Employment change for September came in at a plunge of 9,800 jobs, compared to a gain of 15,000 jobs expected. It was the second consecutive monthly drop. The figures indicated that job gains are mainly from the part-time employment. The Australian economy has added 50,700 jobs so far this year, but it includes a 162,800 increase in part-time jobs, amid full time jobs are dropped by 112,100. Meanwhile, another report from NAB quarterly business confidence survey showed +5 for the third quarter, from +3 in previous quarter. NAB pointed out a recovering non-mining economy, however it also warned about recent downbeat trends in retail. AUD/USD traded at 0.7689, down 0.44% after the reports. [B][U][COLOR="Red"]Major pairs (Thursday update)[/COLOR][/U][/B] [HTML]USD/JPY ↑0.15% 103.62 EUR/USD ↓0.07% 1.0966 EUR/JPY ↑0.08% 113.63 USD/CAD ↑0.26% 1.3148 GBP/USD ↓0.08% 1.2280 USD/CHF ↑0.11% 0.9899 AUD/USD ↓0.67% 0.7671 NZD/USD ↓0.01% 0.7231 [/HTML] [/QUOTE]
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