3 Sep 2013
Session Recap: Yen extends decline; RBA leaves rates unchanged at 2.5%
FXstreet.com (Barcelona) - Quiet Asian session again in USD terms following holidays in the US on Labor Day, with EUR/USD inside a tiny range thiner than 10 pip wide since Tokyo open, and USD around the 82.30 level of the DXY spot index.
USD/JPY posted fresh 1-month highs at 99.70 in early trade, retracing from there to current 99.46, with Nikkei rising more than +2.5% at some point, shy of the 14000 points mark. All local markets show gains, while Oil and Gold have remained quiet around $106.85 and $1392 respectively.
The AUD/USD printed session and weekly highs at 0.9026 ahead of the RBA meeting retracing from there to session lows at 0.8970 on worse domestic retail sales than expected, and now bouncing back to around 0.9000 last as the RBA leaves rates unchanged and the easing bias is “gone”, said Treasury Dealer at Arab Bank Australia David Scutt in his Twitter account.
Main headlines in the Asian Session:
Syria – What will Obama do if Congress votes ‘No”?
Nikkei reports that GDP growth (April-June) to get upgraded by the Cabinet Office
Japan August Monetary Base (YoY) increase to 42% vs 38%
China August Non-manufacturing PMI declines to 53.9 vs 54.1
New Zealand ANZ Commodity Price rises to 0.7% in August from 0.6%
Australian retail sales softer-than-expected
Japan PM Abe: Have compiled a basic plan to deal with Fukushima water
Japan’s finance minister Aso: Government will consider extra budget to smooth impact of possible sales tax hike
Goldman raises its China 2013 GDP growth estimate to 7.6% from 7.4%
Australia RBA Interest Rate Decision steadies at 2.5%
USD/JPY posted fresh 1-month highs at 99.70 in early trade, retracing from there to current 99.46, with Nikkei rising more than +2.5% at some point, shy of the 14000 points mark. All local markets show gains, while Oil and Gold have remained quiet around $106.85 and $1392 respectively.
The AUD/USD printed session and weekly highs at 0.9026 ahead of the RBA meeting retracing from there to session lows at 0.8970 on worse domestic retail sales than expected, and now bouncing back to around 0.9000 last as the RBA leaves rates unchanged and the easing bias is “gone”, said Treasury Dealer at Arab Bank Australia David Scutt in his Twitter account.
Main headlines in the Asian Session:
Syria – What will Obama do if Congress votes ‘No”?
Nikkei reports that GDP growth (April-June) to get upgraded by the Cabinet Office
Japan August Monetary Base (YoY) increase to 42% vs 38%
China August Non-manufacturing PMI declines to 53.9 vs 54.1
New Zealand ANZ Commodity Price rises to 0.7% in August from 0.6%
Australian retail sales softer-than-expected
Japan PM Abe: Have compiled a basic plan to deal with Fukushima water
Japan’s finance minister Aso: Government will consider extra budget to smooth impact of possible sales tax hike
Goldman raises its China 2013 GDP growth estimate to 7.6% from 7.4%
Australia RBA Interest Rate Decision steadies at 2.5%