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The pair keeps pushing higher and tests the 1.1600 handle. The greenback remains depressed around the 95.00 neighbourhood. EMU’s Industrial Production, US U-Mich index next on tap. The bid tone around the single currency remains unabated at the end of the week and is now lifting EUR/USD to fresh tops beyond 1.1600 the figure. EUR/USD
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TALKING POINTS – Iran, Sanctions, CRUDE Oil, Trump, Emerging markets US oil export sanctions against Iran will be enforced on November 4th Net-importers in emerging markets likely to suffer from higher prices 1970’s oil crisis, embargo may haunt markets as Trump buckles down The Trump administration’s trade wars and economic nationalism have caused severe volatility
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China’s commerce ministry was out with some comments in the last hour, saying that it is open to resuming trade talks with the US and hopes to resolve trade differences via dialogue. Additional quotes:    •  China has no intention to interfere in US politics.   •  Urges the US to stop unilateralism and protectionism.   • 
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