Recap of Asian trades on 26.10.2018: USD, JPY, AUD

The American currency remains strong though the appetite for risk is decreasing.
The US dollar index continued trading between 96.60 and 96.70 after the end of the American session. This trading instrument is set to end this week at high levels.
At the same, analysts anticipate that the USDX can change direction amid the monetary policy of the US financial regulator. The Fed officials say that the current policy stance is too mild. However, Donald Trump does not share this point of view which causes uncertainty in the market.
Meanwhile, during the American session the greenback did not manage to recoup losses. The USD/JPY pair continued hovering near the level of 112.20. Traders prefer to invest in safe-haven assets under the current market conditions.
This fact can be proved by the dynamics of risky currencies of the Asian Pacific region. The AUD/USD pair plunged to the 2-year low of 0.7030 which was contributed to political factors.
Market participants are waiting for publication of the GDP report from the United States. This data can either boost a rise in the greenback or put it under pressure. Stay tuned for more news! Watch our next edition on InstaForex TV.

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