The euro should drift lower against the dollar as uncertainty over a U.S.-China
trade deal remains high and global economic growth is subdued, says Gaetan
Peroux at UBS. Eurozone retail sales data for September and final purchasing
managers' surveys for October "generally surprised to the upside" but have
"inspired little belief that a euro rebound is around the corner," he says.
"Still, delicate green economic shoots are visible; if they continue to sprout,
EUR/USD may not be too far from the bottom." EUR/USD is last down 0.2% at
1.1021.
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