30 Jul 2013
Session Recap: Aussie plummets; USD slightly higher
FXstreet.com (Barcelona) - Following worst Australian building permits data for 2013 and RBA Stevens comments suggesting the central bank might cut interest rates next week, with OIS futures pricing in a 85% change this will happen, the Aussie has plummeted from above the 0.92 handle by early trade to recent session and fresh 2-week lows at 0.9063.
Unemployment in Japan has improved even though household spending declined for second consecutive month in 2013, taking Nikkei index higher by +1.36% and USD/JPY to session/weekly highs at 98.45. EUR/USD at the same time printed session lows at 1.3246, while USD index climbed to session highs at 81.85 DXY.
Local share markets in the Asia-Pacific show gains overall with the exception of the Australian ASX index that is currently breaking even after it bounced from session lows following RBA Stevens comments. Gold and Oil keep showing weakness still little changed for the session being, last at $1328 and $104.4 respectively.
Main headlines in the Asian Session:
Flash: RBA to cut in August; AUD/USD may break 0.90 - HSBC
Australian government seeks RBA support, Aug rate cut in the horizon?
Japan Unemployment Rate improves to 3.9% in June from 4.1%
Yen crosses well bid as Japan's Ind prod disappoints
Australian building approvals collapse in June
After Aus housing dismal data, RBA Aug cut done deal?
PBOC injected funds into the interbank market for the first time since early February.
RBA Stevens speech recap: Still some scope to ease after last CPI
AUD/USD plummets below 0.91 on RBA Stevens
Unemployment in Japan has improved even though household spending declined for second consecutive month in 2013, taking Nikkei index higher by +1.36% and USD/JPY to session/weekly highs at 98.45. EUR/USD at the same time printed session lows at 1.3246, while USD index climbed to session highs at 81.85 DXY.
Local share markets in the Asia-Pacific show gains overall with the exception of the Australian ASX index that is currently breaking even after it bounced from session lows following RBA Stevens comments. Gold and Oil keep showing weakness still little changed for the session being, last at $1328 and $104.4 respectively.
Main headlines in the Asian Session:
Flash: RBA to cut in August; AUD/USD may break 0.90 - HSBC
Australian government seeks RBA support, Aug rate cut in the horizon?
Japan Unemployment Rate improves to 3.9% in June from 4.1%
Yen crosses well bid as Japan's Ind prod disappoints
Australian building approvals collapse in June
After Aus housing dismal data, RBA Aug cut done deal?
PBOC injected funds into the interbank market for the first time since early February.
RBA Stevens speech recap: Still some scope to ease after last CPI
AUD/USD plummets below 0.91 on RBA Stevens