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The US dollar was broadly bid against its.....>

FOREX
FOREX: The US dollar was broadly bid against its peers during the Asia-Pacific
session, underpinned by news that the US Senate had passed a budget proposal
that will pave the way for Republican tax reform. Momentum continued into Europe
with added support from UST yields which saw dollar-yen touch 3-month highs of
Y113.47. Corporate offers through to Y113.60 have so far provided a counter.
Euro-yen tracked the dollar to extended highs of Y133.93, before fading. The
strong dollar tone pressured eur/usd through $1.1800 to $1.1791. Cable made a
show under $1.3100, printed $1.3087 before eur-stg's corrective pullback
recovered to the $1.3125/35 area. Light on the data front today with main
highlights from US Existing Home Sales, analysts expect it to decelerate further
to a 5.30 million annual rate in September after falling in each of the last
three months.
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