EUR/USD (a 4-hour chart)
The U.S. dollar has been falling since Monday amid almost empty calendar, but won back some of the losses by the end of the day. The dollar received the support from Fed Dudley's comments, who expressed more optimism about the U.S. economic outlook. Economic growth is significant in light of the fiscal brakes - a fiscal drag. The dollar fell versus the euro and the yen and was almost unchanged versus the pound and the Australian dollar.
The euro is growin. The Bundesbank said in its monthly report that there was a good chance that the Germany economic recovery will continue the next months. The eurozone trade surplus rose to 13.1 billion euros in September, compared with 6.9 billion in August. At the same time, euro-zone current account surplus fell in September after growing in August. ECB Governing Council member Ewald Nowotny said that the improvement of the situation in the euro-zone economy was not as significant as it was calculated on the ECB for some time.
The pound changed little amid the lack of interesting data. According to half year poll of financial organizations published by the Bank of England - confidence in the UK financial system rose to its highest level form more than five years. The yen rose and the dollar fell again on Monday, below the level of 100 yen, amid the negative dynamics of the Japanese stock market, after reaching almost 6 -month high.