Forex news for Asia trading Thursday 13 October 2016
The back story for the session was the release of the FOMC Minutes. After 3 dissents at the meeting wanting a rate hike it was no surprise that the minutes would read a little more hawkish. The USD was selectively better bid in Asia to begin with, higher against the yen, AUD and NZD notably, while EUR, CHF and GBP held in relatively small ranges. Japanese press reported the BOJ was to lower its inflation forecasts (see bullets above).