Risk Mood Sours As Dollar Climbs

The post-FOMC dollar strength continued overnight, with the Dollar Index pushing back above 100 for the first time since August 1.

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The post-FOMC dollar strength continued overnight, with the Dollar Index pushing back above 100 for the first time since August 1, while EURUSD slipped below 1.1500. The yen was a rare exception to the broad dollar bid, as USDJPY retreated from nine-month highs after Japan’s new finance minister, Katayama, voiced concern over rapid currency moves and signaled close monitoring.

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