FOREX-Dollar resumes drop after G20, eyes on Fed

* G20 vows to refrain from competitive devaluations

* Market awaiting further clues on possible Fed easing

* Investors including CTAs buy euro, Aussie -trader

* Aussie gains on takeover news, local data

By Masayuki Kitano and Charlotte Cooper

TOKYO, Oct 25 (BestGrowthStock) – The dollar slid broadly on Monday
as investors interpreted a Group of 20 agreement to shun
competitive currency devaluations as a green light to resume
dollar selling.

At the meeting in South Korea, G20 finance ministers also
struck a surprise deal to give emerging nations a bigger voice in
the International Monetary Fund, recognising the quickening shift
in economic power away from Western industrial nations.
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Analysts said the outcome at G20 pointed to a status quo in
currency markets, with the dollar staying under pressure due to
market expectations for the Federal Reserve to unveil a second
round of quantitative easing as early as November.

One trader said real money accounts and trend-following
commodity trading advisers were detected buying the euro and the
Australian dollar, while another cited buying of the euro and the
Australian dollar by Asian accounts.

“It looks like the market has taken the G20 as a green light
to continue with the trends up to that point, which have been
towards U.S. dollar weakness,” said Sue Trinh, senior FX
strategist at RBC in Hong Kong.

The euro climbed 0.6 percent from late Friday U.S. trading to
$1.4035 (EUR=: ).

A break of $1.4051, a 76.4 percent retracement of the euro’s
drop to $1.3697 last week from an 8-