2137 ET – The dollar has stabilized in Asian trading, but the Korean won is falling after hitting fresh 1-year highs Wednesday. After fall 1% versus the won the prior 2 days, the greenback is up 0.3% this morning. Chalk it up to bargain-hunting while Thanksgiving arrives in the US, says Oanda’s Stephen Innes. (firstname.lastname@example.org)
And on the Aussie Dollar
By (email@example.com ; @JamesGlynnWSJ)
2120 ET – The dovish FOMC minutes overnight were the last kick of the can for AUD bears heading into 2018, says Stephen Innes, at OANDA. For those fortunate to have been riding AUD shorts since the convincing downtrend emerged in mid-September, traders will now be more inclined to cover shorts which should temper any near-term downside momentum. (firstname.lastname@example.org ; @JamesGlynnWSJ)
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