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Forex Today: Market attention turns to Canada inflation data and Fedspeak

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Here is what you need to know on Tuesday, October 15: Following a quiet start to the week, the US Dollar (USD) gathered strength and managed to build on the previous week's gains, with the USD Index reaching its highest level since early August above 103.00 on Monday.

Here is what you need to know on Tuesday, October 15: Following a quiet start to the week, the US Dollar gathered strength and managed to build on the previous week's gains, with the USD Index reaching its highest level since early August above 103.00 on Monday. The US economic calendar will not offer any high-tier data releases on Tuesday.

Additional details of the report showed the Employment Change data for August arrived at 373K, compared to 265k reported in July. Furthermore, Average Earnings excluding Bonus in the UK rose 4.9% 3M YoY in August versus a 5.1% growth seen in July. GBP/USD showed no immediate reaction to these figures and was last seen moving sideways at around 1.3050. Gold failed to make a decisive move in either direction on Monday and closed the day virtually unchanged.

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