• No substantial changes in FOMC decision
  • UK’s Cameron hints at strong GDP numbers tomorrow
  • Draghi frets about deflation
  • US Sept new home sales +5.7%
  • Canadian house prices rise 3.6% year-over-year
  • BOC lowers growth expectations, says rate hike ‘less imminent’
  • EUR rallies on Greek draft MOU leak
  • Treasury chief: International investors have been buying Spanish debt
  • Kyoto: Japan considers Yen 400 bln stimulus package
  • Greek FinMin: Troika report complete, more or less
  • Markit US flash PMI rises to 51.3 in October from 51.1 in September
  • Schaueble: German economy cooling
  • Sweden affirmed AAA by S&P
  • US govt sues BofA
  • Gold falls below $1700
  • S&P 500 down 0.3% to 1409
  • AUD leads, EUR lags

The euro got an early lift from the MOU leak, perking up to 1.2984 but it sagged back down to 1.2940 as risk appetite fizzled. The US session was entirely within earlier European trading.

Cable rallied after Cameron hinted at ‘good news’ tomorrow, when GDP numbers will be released. Bids ahead of 1.6050 have stalled the rally so far.

The ‘less imminent’ comment from Carney boosted USD/CAD to 0.9957, wiping out most of yesterday’s losses.

The FOMC decisions was a non-factor. A few pairs chopped 10-15 pips but overall movement was miniscule and fleeting.