A solid day for the dollar, as the market.....>

FOREX: A solid day for the dollar, as the market reacts to President Trumps

likely hood of passing his Tax plan improves. This combined with investors

moving out of XAU and the Dow continuing to print fresh historic highs. 

The market will now look to President Trump announcing the next FED chair,

possibly at the latter part of next week, certainly before he leave for his trip

to Asia on November 3rd.

The Aussie printed a session low of $0.7808 as Europe left the market, following

a further drop in XAU. As the NY afternoon session dragged on the pair grinded

back towards $0.7830.

Dollar/yen continued to be led by US Tsys yields, as the market seems to have

priced in PM Abe victory this weekend. The rate printed fresh 2 month highs of

Y113.57.

Broad based dollar demand led the pair to session lows of $1.1763, as Europe

went home for the weekend. The dollar did pare back some of its gains in late NY

trade with the rate grinding back towards $1.1790.