The FOMC statement had traders bring forward their expectations of when the Fed will lift its interest rate. This has led to a rise in dollar and U.S. treasury yields. Market participants now await the U.S. Q3 GDP figure, which is likely to have grown 3% on an annualized basis.The dollar’s broader strength saw EUR/USD fall as low as 1.2555. USD/JPY came off today’s high of 109.30, settling near the 109 handle. Friday’s Japanese data and the BOJ meeting will be crucial for the pair’s near-term direction.The Aussie lost ground against the broadly stronger dollar during the Asian session but recovered its losses in the European session, trading near 0.8800.NZD/USD traded between 0.7782 and 0.7818 and is likely to decline further especially as the RBNZ removed the tightening bias from its statement and added renewed currency jawboning.
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