- BOC Gov Mark Carney named as next BOE Governor
- BOC will start search for new Governor
- Dallas Fed -2.8 vs +2.0 exp
- Chicago Fed national activity index -0.56 vs 0.00 in Sept
- Germany firmly against Greek writedown
- BBG: ECB showing flexibility on Greece
- Rtrs: IMF wants euro zone to take 20% Greek haircut up front
- White House takes Social Security off the table
- JPY leads, NZD lags
- S&P 500 down 0.2% to 1406
The surprising Bank of England decision to poach Carney lent some drama to an otherwise dull session. BOE Deputy Paul Tucker was widely thought to be the frontrunner but the UK government wooed Carney away.
USD/JPY chopped around 82.15 and failed on an attempt of the 82.21 European high. In the past hour, it has slipped back to 82.04.
EUR/USD was very quiet as the trading range wedged around 1.2965. The tightening range signals better action in Asian trading as European leaders continue to meet about Greece.
GBP/USD initially rallied on the Carney appointment but quickly scaled back. Overall, it traded in a tight range around 1.6020.
USD/CAD rallied as Carney was stolen away and stocks opened lower but as sentiment improved, it recovered back to 0.9935.
