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uro Gains in Focus Ahead of IFO, PMI Data; UK GDP May Disappoint in Third Quarter
The US Dollar saw heavy selling pressure at the beginning of the overnight session as Asian stock exchanges followed Wall St higher at the trading open and weighed on the safety-correlated currency. Prices quickly recovered to consolidate near the New York close ahead of the opening bell in Europe, however, as shares paused to consolidate at higher levels. The MSCI Asia Pacific regional equity benchmark index added 0.5% as Kia Motors, South Korea's second-largest car manufacturer, reported record profits in the third quarter and Wesfarmers, Australia's number-two retailer, said sales rose 7.3% in the three months to September. more



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