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Currency Market Analysis

Global Themes

A souring in the global market mood to end the third quarter lent a safe haven boost to the U.S. currency which notched its strongest levels in more than a week against a wide swath of rivals. The euro was under fire, pressured by growing worries about the health and future of Deutsche Bank. Germany’s biggest bank is in hot water after the U.S. government slapped it with a $14 billion legal bill to settle claims related to the housing market crisis. With Deutsche Bank casting a dark cloud over the euro, it failed to benefit from data showing a doubling in area inflation to 0.4 percent in Septe

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