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[QUOTE="Hot-Forex-Signal, post: 172376, member: 63363"] [B]Dollar Falls when Fed Rate Cut, APEC Summit Cancellation[/B] The dollar fell against a currency basket on Thursday when the third Federal Reserve rate cut this year, as investors took indications of a possible pause within the easing cycle with a pinch of salt. In lowering its key overnight disposition rate by a quarter of a percentage point to a firing range of between 1.50% and 1.75% the U.S. financial organisation dropped a previous reference in its policy statement that it "will act as appropriate" to sustain the economic enlargement - language that was thought-about a symbol for future cuts. The lack of a clear indication from the Fed that it's through with easing for currently was seen as less hawkish than expected, causing the dollar lower. "The new, slightly shorter, statement tries to stay their choices open and puts them into a data-dependent mode, however circumstances may mean that they need less optionality than they assume," said Tim Foster, portfolio manager at Fidelity International in London. The U.S. dollar index was down 0.3% at 97.11 by 04:33 AM ET (08:33 GMT), its lowest level during a week. The euro was up 0.14% to 1.1164, whereas the dollar last listed at 108.61 yen, 0.2% lower on the day. The dollar was pressured lower against the safe-haven yen by the news that Chile has withdrawn as host of an APEC summit in November wherever the U.S. and China had been expected to require major steps towards resolution their lengthy trade war. Hopes that the world's largest economies would presently agree on a partial deal has boosted risk appetency on. “The proven fact that Chile has off the time period APEC Summit mustn't be a deal-breaker for the U.S. and China to achieve a cease-fire," said Tai Hui, Asia chief market strategist at JPMorgan quality Management in port. "If the 2 sides were genuinely willing to achieve an interim deal before period, once succeeding regular hike in tariff on Chinese exports is thanks to happeninging, they'll notice a venue to induce the deal done." The Bank of Japan kept its financial policy steady on Thursday however introduced new forward steerage to additional clearly signal the longer-term probability of a rate cut, underlining its concern over world economic risks. The British pound pushed higher when Prime Minister Boris Johnson won parliamentary approval on Wednesday to carry a election in December. [/QUOTE]
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