XE Market Analysis: Asia – Oct 28, 2015

The dollar was steady to lower ahead of the FOMC announcement, with USD-CAD the biggest mover on the day on the back of a 6% surge in oil prices. The pairing fell from overnight highs of 1.3280 to 1.3092 lows. EUR-USD ranged between 1.1058 and 1.1095 ahead of the fed, while USD-JPY found support from higher equity markets, and firmer Treasury yields. That pairing based at 120. 30, and rallied to near 120.60 before the FOMC. The dollar surged higher after the FOMC statement, which left the door open for a December rate hike.