A bit in lockstep with US Treasuries, the dollar still fails to fully play its safe haven role in times of uncertainty. DXY eases slightly to 106.30 in a technically insignificant move. Idem for EUR/USD. The pair (1.0575) reversed yesterday’s decline but first resistance at 1.064 stays out of reach. USD/JPY is still paralyzed in a tight range close to, just below 150. Interesting price action in sterling. Trying to overcome the EUR/GBP 0.8706 range top, the UK currency touched the weakest level against the euro since end May. Markets aren’t convinced at all that higher than expected September inflation will cause the BoE to resume its anti-inflation campaign at the November meeting after taking a pause (at 5.25%) last month. UK retail data to be published tomorrow might decide on the EUR/GBP break.