Forex - Dollar holds gains in early Asia trade, U.S. Lew in region
Investing.com - The dollar held onto overnight gains against the
yen in early Asian trade Wednesday as U.S. Treasury Secretary Jack
Lew arrived in the region for a series of leadership meetings in
Singapore and Malaysia as well as Beijing later in the week.
USD/JPY reached 99.66, up 0.02%, in a range of 99.59 - 99.66,
AUD/USD weakened ahead of consumer sentiment data from Westpac-Melbourne Institute for November at 1030 local time (2330 GMT) that comes on the heels of disappointing October business confidence and conditions in a survey by National Australia Bank released Tuesday.
AUD/USD traded at 0.9300, down 0.02%.
The dollar enjoyed support overnight amid ongoing expectations for the Federal Reserve to begin scaling back its USD85 billion in monthly bond purchases either in December or in early 2014.
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