FX Update: The Dollar Pared Gains After Posting Fresh Highs

EUR-CHF gained sharply, by nearly 0.5%, and most other euro crosses also rose, despite expectedly benign Eurozone inflation headlines in preliminary September data. While the U.S. and Japan came to a trade deal, the Japanese economy has been indirectly hit by the U.S.- China trade spat. Sterling rallied in the initial wake of the UK’s September manufacturing PMI…