Emerging market and risk currencies got a bid in September ahead of the Fed. The top six performers against the dollar of the 36 most actively traded pairs ahead of the Fed were the New Zealand dollar, 6.5 percent, Brazilian real up 5.8 percent, the South African rand, up 5 percent, the Australian dollar, up 5.1 perent, the Indian rupee up. 3,8 percent and the Mexican peso up 3.5 percent. Worst performing were the Indonesian rupiah down 4.9 percent, the Canadian dollar down 2.2 percent, the Argentinian peso down 1.3 percent and the Japaneses yen, down 0.8 percent. In fact there were only five currencies down against the dollar in September ahead of the unexpected Fed decision with the Chinese yuan little changed at best or worst. Be interesting to see the order another day out. Check back tomorrow.