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Forex pairs in this Article » EUR/USD (Barcelona) - The Asian session for the first trading day of Q3 has been again a slow one for USD, with EUR/USD just 15 pips above previous weekly close Friday, while USD/JPY is barely higher last at 99.28 despite better than expected overall Japan Tankan numbers.

Aussie has been the big winner last at fresh session highs 0.9184 USD following slightly better than expected official China PMI, retracing part of the massive sell-offs have seen in recent sessions. Now with RBA meeting tomorrow and general elections around the corner, Moody's maintaining its triple A credit rating for Australia seems like a deserved relief for the Australian currency.

With Hong-Kong closed over holiday, local share markets are in the red overall, sending Australian ASX leading the way lower down -1.37%, followed by Shanghai Composite down -0.75%, while Korean Kospi loses only a -0.09%, and Nikkei also a tiny -0.10%. Gold is around session highs shy of the $1245 mark, while Oil is about to break even.

Main headlines for the Asian Session:

Big banks strongly bullish USD - FXWW

Weekend news: China bank regulator says liquidity ample, debt risks manageable

Flash: RBA to stay on hold this week - UBS

ECB looking carefully at forward guidance

US Treasury Secretary Lew: Sees signs there is a real recovery under way

USD/JPY jumps to Asian highs after upbeat Japanese Tankan

Moody’s: Australia’s AAA rating is supported by strong fundamentals

Japanese economic data reveals robust Q2 results

China top banking regulator says enough liquidity

China PMI just above 50.00

AUD/USD above 0.9150 on better PMI China than expected

China HSBC PMI slightly below expectations

Japan’s economy minister Amari: Japan’s economy is clearly recovering
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