GBP and AUD Ended Higher in a Week of Consolidative Trading in FX Movements in the forex markets were relatively limited last week even though broad based strength was seen in both Sterling and Aussie. Both currencies were lifted by employment data from their respective country. Swiss Franc and Canadian dollar ended as the weakest major currencies. Euro was mixed even though ECB president Mario Draghi's speech affirmed the chance of additional stimulus in December. Dollar pared back some of the post NFP gains and turned into consolidation mode. A number of Fed officials spoke but didn't provide new information to the markets. Larger volatility was seen elsewhere, in particular in US equities. The sharp decline in both DJIA and S&P 500 suggested near term trend reversal, probably as investors got more convinced that Fed will raise interest rates in December. Full Report Here... | 
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