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19 Apr 2013
Session Recap: USD range bound; G-20 “applauds” BoJ policy
FXstreet.com (Barcelona) - USD eased during the Asia-Pacific against EUR and AUD while strengthening against Yen, thus leaving US Dollar index practically unchanged around the 82.60 level for the June contract, with EUR/USD last at 1.3062, AUD/USD at 1.3015, and USD/JPY at 98.48.
After a very quiet session till then, volatility came in following Japan Fin Min Taro Aso at the G-20 meeting in Washington, saying “no-one opposed Japan’s policies at G20 meeting,” and that IMF Lagarde even “applauded Japan's monetary policy,” after which USD/JPY climbed to weekly highs at 98.70.
Local share markets traded in the green overall lead by Chinese markets with Shanghai up +1.37%, and Hong-Kong +1.01%, while Oil has barely retraced to session lows around the $87.80, and Gold is near session highs shy of the $1400 spot price.
Main headlines in the Asian Session:
Forex: EUR/USD consolidates at 1.3050 after failing to break the 1.3100
Commodities Brief: Precious metals hold previous lows as consolidation continues
Goldman cuts China 2013 GDP forecast to 7.8% (down from 8.2%)
EUR/USD: Solid bids reported near 1.3025
US Treasury’s Miller: Too big to fail bailouts are over, US taxpayers wont bail out financial firms again
Bloomberg — Aussie, Kiwi About 10% Overvalued, IMF Official Tells Dow Jones
Forex: AUD/USD finds rock solid support at 1.0290 bid line
South Korean FinMin says weak Yen is bigger threat than North Korea
China Mar CB Leading Economic Index declines to 0 vs 1.2
Aso: Said no-one opposed Japan’s policies at G20 meeting
Switzerland to hold referendum on banning Swiss National Bank from selling any gold reserves
Forex: EUR/AUD to session lows on Aussie strength
USD/JPY: Real money sellers reported above 98.60
Forex: USD/JPY sprints to session highs 98.70 on Aso's comments at the G-20
Dow Jones — Australia Likely to Keep AAA Rating Despite Deficits, says Moodys
After a very quiet session till then, volatility came in following Japan Fin Min Taro Aso at the G-20 meeting in Washington, saying “no-one opposed Japan’s policies at G20 meeting,” and that IMF Lagarde even “applauded Japan's monetary policy,” after which USD/JPY climbed to weekly highs at 98.70.
Local share markets traded in the green overall lead by Chinese markets with Shanghai up +1.37%, and Hong-Kong +1.01%, while Oil has barely retraced to session lows around the $87.80, and Gold is near session highs shy of the $1400 spot price.
Main headlines in the Asian Session:
Forex: EUR/USD consolidates at 1.3050 after failing to break the 1.3100
Commodities Brief: Precious metals hold previous lows as consolidation continues
Goldman cuts China 2013 GDP forecast to 7.8% (down from 8.2%)
EUR/USD: Solid bids reported near 1.3025
US Treasury’s Miller: Too big to fail bailouts are over, US taxpayers wont bail out financial firms again
Bloomberg — Aussie, Kiwi About 10% Overvalued, IMF Official Tells Dow Jones
Forex: AUD/USD finds rock solid support at 1.0290 bid line
South Korean FinMin says weak Yen is bigger threat than North Korea
China Mar CB Leading Economic Index declines to 0 vs 1.2
Aso: Said no-one opposed Japan’s policies at G20 meeting
Switzerland to hold referendum on banning Swiss National Bank from selling any gold reserves
Forex: EUR/AUD to session lows on Aussie strength
USD/JPY: Real money sellers reported above 98.60
Forex: USD/JPY sprints to session highs 98.70 on Aso's comments at the G-20
Dow Jones — Australia Likely to Keep AAA Rating Despite Deficits, says Moodys