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Asian Session: FOMC Minutes Provide a Reality Check

05/29/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD GBP 0.17 JPY 0.12 EUR -0.01 CHF -0.07

The USD continues to trade near yesterday’s lows in Asian Session as the FOMC’s down beat projections hurt sentiment and slowed the greenback losses. The EurUsd traded in a 1.3755-1.3810 range and UsdJpy traded in a 94.26-95.00 range while equity markets in the Asia-Pacific region are also slightly lower following Walls Street decline. Yesterday’s FOMC minutes showed Fed officials marking down…

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