The Dollar remains relatively firm and resilient given a loss...

The Dollar remains relatively firm and resilient given a loss of safe-haven status or less demand amidst a fragile recovery in risk sentiment, month end portfolio rebalancing and positioning ahead of next week’s US Presidential Election. However, the index is back below 94.000 and Thursday’s 94.105 high within a 93.983-762 range as several major counterparts claw back some lost ground before another raft of data, the Chicago PMI and final Michigan sentiment. All narrowly mixed vs the Greenback, as the Kiwi regains hold of the 0.6600 handle in wake of another upbeat sentiment survey (ANZ consumer confidence up to 108.7 in October from 100.0 previously), and the Euro pares some post-ECB losses after basing at 1.1650. Note, this coincided with the 100 DMA, which is now 5 pips firmer and the 2 chart points also align with 1.5 bn option expiries for today’s NY cut.