Forex Market Update (October 31, 2024)
Forex Market Update (October 31, 2024)
Japanese Yen Strength: The JPY rises following comments from the Bank of Japan (BoJ).
Traders are closely monitoring Euro area HICP inflation and US PCE inflation data.
Weekly Initial Jobless Claims data is also set to be released today.
The USD faced bearish pressure after mixed economic data on Wednesday.
Private sector employment rose by 233,000 in October, exceeding expectations.
US GDP grew at an annual rate of 2.8%, below the expected 3%.
The index closed lower but is holding steady above 104.00 early Thursday.
