The US dollar continued its gains for the third day in a row to its highest level since late June last year at 97.19 levels following the U.S. bond yields extended gains.
Data showed today the rise in the number of private sector jobs in the United States in the largest number in 8 months signaling to strength of the U.S. labor market.
Sterling rose from a 10-week low as investors awaited the Bank of England's decision tomorrow, which is widely expected to keep interest rates unchanged at 0.75%. So far sterling has lost about 4% in October.
The Bank of Japan kept its monetary policy unchanged this morning and the Yen continued to fall against the US Dollar. USDJPY hit its highest level since October 9 at 113.37 before retreating to 113.13 and testing an uptrend line on the 30 minutes.
Also, Australian inflation figures remained unchanged during the third quarter of 2018 to exclude any rate hike soon, the CPI rose by 0.4% on quarterly basis in the third quarter.
