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Slight uptick in upward momentum is likely to lead US Dollar (USD) trading in a higher range of 7.0930/7.1130. In the longer run, USD must break and hold below 7.0860 before further downside is likely, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

The Euro edged higher after the Bank of England confirmed market expectations and stood pat on interest rates.

The Bank of Canada’s more dovish policy stance relative to the Norges Bank supports the downtrend in CAD/NOK, BBH FX analysts report.

Slight uptick in upward momentum is likely to lead US Dollar (USD) trading in a higher range of 7.0930/7.1130. In the longer run, USD must break and hold below 7.0860 before further downside is likely, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

The USD/CAD pair gives up its early gains and flattens around 1.3775 during the European trading session on Thursday.

The Bank of Canada’s more dovish policy stance relative to the Norges Bank supports the downtrend in CAD/NOK, BBH FX analysts report.

United Kingdom BoE MPC Vote Rate Unchanged meets expectations (7)

The Bank of England (BoE) left its benchmark interest rate unchanged at 4%, following the conclusion of the September monetary policy meeting on Thursday.

US Dollar (USD) is likely to trade in a range of 146.30/147.35. In the longer run, downward momentum has slowed, but there is a slim chance for USD to revisit the 145.45 level, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

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