• The US Dollar trades in the green against nearly every G10 currency on Wednesday. 
• Chinese markets are selling off again for the second day in a row on weak Golden Week numbers. 
• The US Dollar Index trades above 102.50 and looks to be on its way to 103.00.

The US Dollar (USD) is tying up with gains again with markets still having concerns over China. Recent Chinese data released on domestic activity during the Golden Week revealed that there has been less spending as anticipated. This keeps concerns on China’s economic activity – both domestic and international – high on the bulletin board. 

The economic calendar is again a very light one for this Wednesday. Besides a few light data points such as the Wholesale Inventories for August, the main event will be the release of the Federal Open Market Committee (FOMC) Minutes, curtailing the latest Federal Reserve rate decision in September. Markets will get to see the reasoning behind the 50 basis points rate cut and what it means for the November rate decision.