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

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.