Sheer hope that economy may not be deteriorating as much as thought made the day for Dollar, which was under intense selling pressure since yesterday's retail sales disappointed to the downside.
The mood is - thank goodness it is not worsening.
- Initial jobless claims came much better than expected at 255,000, while media expectation was for 15,000 more.
- NY FED manufacturing index, was not up to the expectation but still better than prior. Came at -11.36 compared to -14.67 prior.
- Biggest surprise was inflation. Core inflation ticked up by 0.2% in September from August pushing prices to rise 1.9% from a year ago. Even headline didn't decline on yearly basis.
Dollar is up against all of its peers, however it is difficult to sustain the recovery without additional confidence.
- Philadelphia FED manufacturing survey at 14:00 GMT, comes into focus next.
- Focus will also be on FED speakers for the day, Bullard, Dudley to speak at 14:30 GMT, followed by Mester at 20:30 GMT.
Euro has become the weakest in the lot after European Central bank's policymaker Nowotny hinted on further stimulus.
FXCM Dollar index is currently trading at 11905, up from 11850 low today.


US-Iran Ceasefire Talks Underway: What You Need to Know
Will a new border deal with the US open a backdoor into Kiwis’ personal data?
How the war in Iran is already affecting UK farmers and food production
Makemation: a Nollywood movie that shows AI in action in Africa
Meta and Google just lost a landmark social media addiction case. A tech law expert explains the fallout
Federal Reserve Balance Sheet Reduction: Brookings Research Outlines Possible Path Forward
Is dark chocolate healthier than milk chocolate? 2 dietitians explain
God on their side: how the US, Israel and Iran are all using religion to garner support
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain 



