Dollar edges lower

AFP, TOKYO: The dollar slipped yesterday as traders shift focus from central bank policy to the US presidential election, while the Philippine peso tumbled to a seven-year low on worries over President Rodrigo Duterte’s policies. 
Last week’s currency trading was dominated by sharper monetary policy signals from the Bank of Japan and US Federal Reserve.
The moves by the central banks Wednesday—the BoJ overhauled its stimulus programme to target inflation while the Fed pressed on with cheap-money policies—had sent world equities and high-yielding currencies soaring.
On Monday the focus moved to Democrat Hillary Clinton and Republican Donald Trump squaring off in their first televised debate later in the day as they sit nearly neck and neck in the polls.
“With the Fed out of the way, and not now in play until December with the FOMC (Federal Open Market Committee) next meet on November 2... it is the (election) that should now dominate market psychology for the next six weeks,” said Ray Attrill, a forex strategist at National Australia Bank.

Dollar edges lower

AFP, TOKYO: The dollar slipped yesterday as traders shift focus from central bank policy to the US presidential election, while the Philippine peso tumbled to a seven-yearlow on worries over President RodrigoDutertes policies. Last weeks currency trading was dominated by sharper monetary policy signals from the Bank of Japan and US Federal Reserve. The moves by the central banks Wednesdaythe BoJ overhauled its stimulus programme to target inflation while the Fed pressed on with cheap-money policieshad sent world equities and high-yielding currencies soaring. On Monday the focus moved to Democrat Hillary Clinton and Republican Donald Trump squaring off in their first televised debate later in the day as they sit nearly neck and neck in the polls. With the Fed out of the way, and not now in play until December with the FOMC (Federal Open Market Committee) next meet on November 2... it is the (election) that should now dominate market psychology for the next six weeks, said Ray Attrill, a forex strategist at National Australia Bank.