Forex — Dollar Down Slightly Vs Yen In Early Asia After Fed





© Reuters. Dollar down in Asia

Investing.com — The dollar eased slightly against the yen in Asia on Thursday after the overnight stay-in-chief, President Donald Trump gets strong and Fed language to the policy and the markets expect the expected naming of the Fed.

USD/JPY changed at 114.14, below 0.03%, while AUD/USD traded 0.7677, flat.

The Federal Reserve kept Federal funds interest rates unchanged and highlighted the «solid» economic growth-at the conclusion of their two-day monetary policy meeting. Analysts said the Fed’s statement indicated that interest rates increase in the next month, mostly likely.

The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted up 0.26% 94.70.

Australia’s trade balance for September reports a surplus of AUD1.200 billion seen.

Private U.S. employers added 235,000 jobs in October, according to a report Wednesday released by ADP and Moody’s Analytics. Beat economists ‘ forecast of 200,000.

The Institute for Supply Management index posted a reading of 58.7 in October, missing expectations for a reading of 60.

The upward trend in the U.S. dollar weighed on the pound sterling, but the losses were locked in the middle of the data points to a rebound in UK manufacturing growth under expectations that the Bank of England to raise interest rates on Thursday lifted the mood.



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