US Session: Risk Assets Rally As US Data Disappoints





G10 Advancers and Decliners vs USD
GBP 1.14
CHF 1.06
EUR 1.03
JPY -0.69
The remaining European PMI releases this morning offered little to get FX markets moving, and Eurozone PMI was right on expectations at -0.4% MoM in Sep (-7.7% YoY). The breakdown of the PPI data highlighted ongoing deflation in consumer and capital goods components, but failed to unnerve EUR bulls as the broader trend of USD-selling prevailed across all assets classes. Gold has subsequently…

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