Oct. 28: MARKET OVERVIEW
US dollar is steady as investors await the outcome of the Fed’s 2-day meeting which will be announced on Wednesday. EUR/USD tried to settle above $1.2700, but faced resistance at $1.2715. GBP/USD consolidates below the yesterday’s high of $1.6150.
AUD/USD edged up to $0.8830 as China and Hong Kong shares rebounded on hopes of more reforms to state-owned enterprises.
USD/JPY stuck in the 108.30 / 107.50 range. Japanese retail sales data came out strong (2.7% vs. 0.9% exp.). BOJ Governor Kuroda: “Japan’s economy is showing some weakness”.