XE Market Analysis: Europe – Oct 20, 2015

The AUD and CAD moved in different directions, the former rising after the RBA minutes to the early October policy meeting revealed a more upbeat view than expected, and the latter declining on news of the Liberals election win in Canada. The G3 currencies, meanwhile have been steady, with EUR-USD consolidating recent losses in the low-to-mid-1.13s and USD-JPY making time in the mid-119s. AUD-USD, meanwhile, lifted moderately, above 0.7270, as the Australian swaps market priced in reduced odds, of 58%, for the RBA to cut interest rates in November, down from 65% ahead of the minutes (FT).