Asian Session – US dollar trading cautiously ahead of Fed statement
Posted on October 29, 2014 at 7:42 am GMTUS dollar traders were cautious about pushing the currency higher ahead of the Federal Reserve announcement later today. The dollar was hurt yesterday by weaker-than-expected durable goods orders data for September, which cast a shadow on just how strong the US economy was and whether business investment would increase thereby creating the conditions for more sustainable economic growth. Consumer confidence on the other hand rose to a 7-year high, showing that consumers are benefitting from a strong labor market and [..]