* Market members see additional U.S. fee cuts attainable * Euro zone financial progress regular over previous quarter * U.S. shopper spending rose
* Market members see additional U.S. fee cuts attainable * Euro zone financial progress regular over previous quarter * U.S. shopper spending rose in September (New all through, updates costs, market exercise and feedback to U.S. market open, new byline, modifications dateline, earlier LONDON) By Karen Brettell NEW YORK, Oct 31 (Reuters) – The greenback fell to a 10-day low towards a basket of main currencies on Thursday as traders evaluated whether or not the Federal Reserve would proceed to chop charges, and after European knowledge beat expectations. The Ate up Wednesday lowered its coverage fee by 1 / 4 of a share level to a goal vary of 1.50% to 1.75%. It additionally dropped a earlier reference in its coverage assertion that it could “act as applicable” to maintain the financial enlargement – language that was thought-about an indication of future fee cuts. Market members stay involved a few slowdown within the U.S. financial system because the commerce conflict between america and China continues, nevertheless, which may pressure the Fed’s hand. “The brand new, barely shorter, assertion tries to maintain their choices open and places them again right into a data-dependent mode, however circumstances may imply that they’ve much less optionality than they assume,” stated Tim Foster, portfolio supervisor at Constancy Worldwide in London. The greenback index dropped as little as 97.22, the bottom since Oct….