XE Market Analysis: Asia – Oct 12, 2015

The dollar remained on a weak footing during quiet dealings on Monday, posting fresh trend losses against the euro, Aussie and Kiwi dollars, and drifting lower against the yen. The move was a carry-on of selling seen in the wake of last week’s release of the FOMC minutes, which have seen the odds for a Fed rate lift-off by year-end lengthen. Conditions were thinned today by holidays in Japan, Spain and North America. EUR-USD logged a three-week high at 1.1396, subsequently settling to the 1.1360 area.