31 Jul 2013
Session Recap: USD little higher; Aussie extends decline
FXstreet.com (Barcelona) - The USD index advanced during Asia-Pacific trading to new session highs last at 81.89, helped on a weaker Aussie that printed fresh 2-week lows at 0.9010, and weaker Euro and Yen that posted session lows at 1.3252 USD and session highs at 98.16 of USD/JPY respectively.
All ahead of a busy day in terms of risk events related to USD starting with ADP at 12:15 GMT including FOMC at 18:00 GMT and US GDP at 12:30 GMT. Gold saw a spike capped at $1340, last at $1332, while Oil has managed to stay above the key $103 level, around fresh 3-week lows.
Local share markets have seen mixed results, with China mainland and Australia posting gains, while Korea and Tokyo show loses, with the Nikkei index down -0.55% at the moment. Economic data in the region has been mostly soft, with Japan releasing lower than expected both Manufacturing PMI and Average cash earnings.
Main headlines in the Asian Session
Watch for Wednesday's new fictitious U.S. GDP
Market pricing +90% chance Aug RBA cut, what if they are wrong?
Japan July Nomura/ JMMA Manufacturing Purchasing Manager Index decreases to 50.7 vs 52.3
Evidence mounts Japan to hike sales tax; BoJ easing for longer?
Oil breaks below $103 for first time in 3 weeks
New Zealand, confidence up, activity down
Japanese wages still depressed, negative for inflation
New Zealand M3 Money Supply (YoY) stays unchanged at 6.2% in June
The world awaits the FOMC decision and statements
All ahead of a busy day in terms of risk events related to USD starting with ADP at 12:15 GMT including FOMC at 18:00 GMT and US GDP at 12:30 GMT. Gold saw a spike capped at $1340, last at $1332, while Oil has managed to stay above the key $103 level, around fresh 3-week lows.
Local share markets have seen mixed results, with China mainland and Australia posting gains, while Korea and Tokyo show loses, with the Nikkei index down -0.55% at the moment. Economic data in the region has been mostly soft, with Japan releasing lower than expected both Manufacturing PMI and Average cash earnings.
Main headlines in the Asian Session
Watch for Wednesday's new fictitious U.S. GDP
Market pricing +90% chance Aug RBA cut, what if they are wrong?
Japan July Nomura/ JMMA Manufacturing Purchasing Manager Index decreases to 50.7 vs 52.3
Evidence mounts Japan to hike sales tax; BoJ easing for longer?
Oil breaks below $103 for first time in 3 weeks
New Zealand, confidence up, activity down
Japanese wages still depressed, negative for inflation
New Zealand M3 Money Supply (YoY) stays unchanged at 6.2% in June
The world awaits the FOMC decision and statements