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Markets are cautious with the U.S. Dollar trading mixed as investors digest new U.S. sanctions on Russia’s Rosneft and Lukoil, which sent equities lower and Brent crude up five percent to around sixty five dollars per barrel. Attention turns to tomorrow’s PMI releases across the U.S., U.K., and Euro-zone, alongside the delayed September CPI, amid reports of potential U.S. export curbs to China on products using U.S.-made software. The Euro is flat ahead of PMIs with downside risk if composites disappoint, while the Canadian Dollar is steady as August Retail Sales improved and GDP due on Halloween is expected near one percent year over year.
