Post FOMC Dollar Losses Extend In Asia Pac Trade

The BBDXY is off a further 0.35% in Thursday Asia Pac trade, as continuing US yield losses weigh on dollar sentiment. The index got to a low of 1225.35, fresh lows back to the first half of August, but we sit slightly higher now, just near 1227.

• Following Wednesday's US yield plunge post the FOMC, weakness has extended in Asia Pac trade, with a further -2.5 to -6.5bps in yield losses, against dominated by the front end.
• USD/JPY got sub 141.00 (lows 140.97) fresh lows back to end July before stabilizing. The pair last near 141.60, still 0.90% stronger in yen terms.
• NZD/USD is up by around the same amount, largely shrugging off a much weaker than expected Q3 GDP print. From 0.6170 we got close to 0.6250 (last near 0.6230/35).
• The A$ was buoyed by stronger jobs data. AUD/USD got near 0.6730, but we now sit back at 0.6710/15, still above the technical bull trigger (near 0.6690).
• EUR/USD is back above 1.0900, while GBP has lagged somewhat, last near 1.2640.
• Looking ahead, the BoE and ECB meet and both are expected to leave rates unchanged. The SNB and Norges Bank also meet. Later, there US November retail sales will be watched closely. There are US jobless claims and trade prices.