The US dollar is soaring as the market grows increasingly comfortable with a December taper and strengthening economy. If the US added 200K jobs in a month where the government was shut down, the thinking goes, it must have some momentum.
EUR/USD is now down nearly a full cent on the day to 1.3326. It’s most a US dollar move but the comments from Noyer are also weighing because they imply sizeable downgrades to inflation forecasts, at the very least.
The orderboard at these levels is light but nothing of size until close to 1.3300.
