FX Update: The dollar gained on the Senate vote
FX Update: The dollar gained on the Senate vote that ended the three-day government shutdown in the U.S. Gains have been moderate. The USD index (DXY) lifted out of a three-day low at 90.29 to 90.53, while EUR-USD tumbled by about 30 pips in making a low at 1.2238, subsequently settling around 1.2250, a level that the pair has been oscillating around for a week now. USD-JPY lifted to a 111.17 peak from levels near 110.50. The BoJ left policy unchanged at its meeting today, as had been widely anticipated, while BoJ's Kuroda sounded dovish at his post-meeting press conference, saying that the central bank will remain strongly committed to monetary easing, including QQE, until the 2% inflation target has been reached, which remains "far" from the case. Stock markets rallied on the U.S. news, which sent the MSCI Asia-Pacific index to fresh record highs.