Asian shares fell on Thursday after Fed left the door open for a rate hike in December in its statement yesterday. Japan's Nikkei lost 0.34%. Australia's S&P\ASX 200 dipped a heavy 1.26%. Korea's KOSPI slipped 0.37%. India's Nifty retreated 0.42%. China's Shanghai bucked the trend, gaining 0.12%.

Wall Street fell briefly after the Fed's, but recovered strongly, as investors took the Fed's statement as a vote of confidence for the economy. Dow Jones gained 198 points, or 1.13% to 17.779. S&P 500 rose 1.18% to 2,090. NASDAQ rose 1.30% to 5,095.

Dollar was calm in early trading after spiking yesterday on the back of the Fed's. Dollar index DXY was unchanged at 97.70 after rising to a two-month and a half high. It held steady against Euro at 1.0924 after touching an 11-week high earlier. Against Sterling it advanced to 1.5254 after hitting a more than two-week high yesterday.

Yen was on the offensive as Japanese industrial production for September rose more than expected, making a case for BOJ not to ease policy further. Yen bounced to a half-year high against Euro to 131.86. Against dollar, it shook off some of its yesterday's losses, advancing to 120.71. It more than erased its losses against Sterling, trading at 184.16.

Crude oil eased a little in early Thursday trading in profit-taking, after surging 6% yesterday due to a less than expected inventory build-up in U.S., Brent futures for December gave up 30 cents, or 0.61% to $48.87 a barrel. U.S. crude futures eased 18 cents, or 0.40% to $45.76 a barrel.

The surge in oil prices helped Canadian dollar touch a six-day high at C$1.3092, before retreating to C$1.3211 per dollar. Oil didn't give any leeway to the Aussie however, falling for the third session to $0.7101.

Spot gold was battered as a result of the stronger dollar. It lost 16 dollars, or 1.39% to $1,159 an ounce. Silver fell 37 cents, or 2.29% to $15.92 an ounce.

German preliminary CPI is forecast to have fallen 0.1 in October m\m, while the Spanish flash CPI is forecast to have dropped 0.6% y\y. beating such negative forecasts will help Euro stage a turnaround from its current lows.

U.S.'s GDP growth in third quarter is forecast to come at an annualized 1.6%, sharply lower than second quarter's 3.9% growth. Unemployment claims are forecast to be at 264K for last week. Better results for either of these surveys will have deep impacts on the Fed's rate decision in December, rushing dollar even more up and possibly battering stocks worldwide.