XE Market Analysis: North America – Oct 18, 2018

The Dollar has traded softer during the European AM session interbank open after firming during the Asian session. EUR-USD flipped back above 1.1500 after posting an eight-day low at 1.1481, which was the culmination of a Dollar ascent following the Fed minutes to the late-September FOMC meeting, which revealed policymakers remaining committed to gradual tightening. USD-JPY dipped under 112.50 area after earlier edging out an eight-day high at 112.71. BoJ Governor Kuroda repeated the central bank’s boilerplate message, that policy will remain accommodative for an extended period.