Forex: Tuesday’s review

Yesterday the dollar and yen rose against most major currencies, as the company reports submitted showed that the financial results were below analysts' estimates, adding evidence that the global economy is slowing down, which undermines risk appetite.

Higher-yielding currencies, including the New Zealand dollar weakened as global equities and commodity prices fell.

The Canadian dollar was up against the fact that the central bank said that some stimulation is likely to be necessary. Also significantly increased the likelihood of higher interest rates.

The euro fell to a five-month high against the yen after the level of French industrial confidence fell to its lowest level since 2009.

The dollar index (DXY) rose 0.4% to 79.978 after the Richmond Fed manufacturing index for October fell to be expected.

The European currency fell after earlier Investors Service Moody 's downgraded the credit ratings of five Spanish regions. A week ago, Moody's confirmed the rating of Spain at Baa3, which is the lowest investment grade.

The pound rose to a four-month low against the euro after a report showed that the number of mortgage loans in the Revitalize the UK rose last month to the highest level since April. According to a report from the British Bankers Association index rose in September to 31,175 from 30,683 in August.