Bullishness prevails in Asian equity markets

FXstreet.com (Chicago) – Equities print gains throughout Asia driven by corporate earnings ahead of the Fed’s decision later today.

The Japanese Nikkei 225 is up 1.28% sending the yen to a shallow phase ahead of the US Fed interest rate decision. Similarly to the land of the rising sun, the Australian S&P/ASX 200 advances 0.46% modeled by the Chinese equity markets’ performances with the Shanghai Composite up 0.46% and the Hang Seng 40 up 0.93%. The Korean Kospi is 0.15% stronger similarly to the Indin S&P CNX Nifty and the Sensex up 0.30% and 0.44% respectively. Finally, the Indonesian IDX is the only downward market printing 0.60% losses so far.

USD/CHF flirts with 0.90 skies

USD/CHF struggles to consolidate above the 0.90 zone despite bullish momentum ahead of the Fed’s interest rate decision later in the day and an array of US data.
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Flash: RBNZ to change policy sentence on Thursday - Westpac

According to Imre Speizer, Strategist at Westpac, the RBNZ will err n the side of caution and strike a more dovish tone compared to the September MPS, citing the high exchange rate, however, Speizer adds that "a dovish shift is fully priced, and could result in a modest bounce in swap rates if the shift is only slight."
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