Forex Flash: Cyclicals pull higher against USD - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that cyclical currencies, namely NZD, AUD and CAD, pulled higher against the dollar and G10 space sa risk appetite continued to improve across asset markets.

Meanwhile he notes that the latest FOMC minutes revealed several members contemplating a slowing in the asset purchase program before an exit by the end of the year, which egged USD/JPY closer to the 100.00 level while the yen also continued to flail on the crosses. He writes, “Note that this revelation also helped to cap the EUR/USD and the GBP/USD. “