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The U.S. dollar little changed after yesterday's fall against most currencies after the Federal Reserve decided to keep its interest rates unchanged. "In light of the heightened uncertainties abroad and the slightly softer than expected path for inflation, the committee judged it appropriate to wait for more evidence," Fed Chair Yellen said. Low rates for a longer period of time are a negative factor for the dollar, because they make this currency less attractive for investors.
The euro slightly declined against the greenback due to correction after yesterday's surge, which was triggered by the decision by the Federal Reserve.
The yen rose after release of Bank of Japan's meeting minutes. Some Board members said that oil prices should be watched closely, because they are a source of uncertainty. Policy makers also said that a slowdown in China's economy should be monitored.
EUR/USD: the pair declined $1.1385 in Asian trade
USD/JPY: the pair traded within Y119.65-40
GBP/USD: the pair traded within $1.5555-85
The most important news that are expected (GMT0):
(time / country / index / period / previous value / forecast)
08:00 Eurozone Current account, unadjusted, bln July 31.1
11:05 United Kingdom MPC Member Andy Haldane Speaks
12:30 Canada Consumer Price Index m / m August 0.1% 0%
12:30 Canada Consumer price index, y/y August 1.3% 1.3%
12:30 Canada Bank of Canada Consumer Price Index Core, y/y August 2.4% 2.1%
14:00 U.S. Leading Indicators August -0.2% 0.2%
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