Currency Updates:
U.S. Dollar Trading (USD) slipped further against a handful of currencies on Tuesday. In an otherwise uneventful North American session, share markets rose on hope that mid-term elections would buoy the economy. The Dow Jones rose by 0.58%, S& P up 0.85% and the NASDAQ also higher by 1.14%. Focus now shifts to FOMC meeting, with Interest rates expected to remain on hold. Instead markets have been expecting the Fed to announce a move to further Quantitative easing. Economists surveyed have indicated that purchasing $500 Billion in long term securities may materialize   
The Euro (EUR) closed above the key 1.40 level on Tuesday, aided by a weaker USD and a strong reading in EZ PMI manufacturing for the month of October, released at 54.6 from previous months 54.1. The EURUSD traded with a low of 1.3879 a high of 1.4058 before closing the day at 1.4038.
The Japanese Yen (JPY) failed to take advantage of a weaker dollar on murmured buying interest ahead of the key 80.00 figure. The USDJPY traded with a low of 80.45 a high of 80.96 before closing the day at 80.64. The BoJ meeting is scheduled on Thursday, soon after the FOMC.
The Sterling (GBP) closed above the 1.60 mark for the second successive day despite a spiked lower in immediate reaction to PMI Construction figures coming in below expectation at 51.6 versus 53.1 forecast. The GBP USD trade with a low of 1.5960 and a high of 1.6080 before closing the day at 1.6046
The Australian Dollar (AUD) was the best performer on Tuesday as the RBA increased interest rates to 4.75% despite the majority of the market leaning towards a pause. In a bold move, accompanying central bank statements highlighted a boisterous labor force, and signaled &ldquo the moderation in inflation is close to ending&rdquo with further upside on inflation likely in the medium term. Comments of the like were digested by markets as leaving the door open for further rate hikes. The AUD traded at fresh post float high in offshore trading as a result of the Reserve Bank&rsquo s decision to tighten. The AUDUSD traded with a low of 0.9857 a high of 1.0023 before closing at 0.9994. Momentum on the top side appeared capped as markets await the outcome of this evenings FOMC.
Oil & Gold (XAU) XAU traded in a defined range, resembling that of the previous trading day. XAU traded with a low of US$1350.20 a high of $US1359.90 before closing at $1356.90. Oil took advantage of a weaker dollar up US$0.95 or 1.1% to close at US$83.90
