Filed Under:
Forex pairs in this Article » EUR/USD, USD/JPY (Barcelona) - A volatile session today in the Asia-Pacific in Aussie terms, with the USD strengthening across the board especially against Euro, Yen, and Aussie, taking EUR/USD to session lows barely below the 1.32 handle, AUD/USD to 0.9235, and USD/JPY to session highs at 99.78.

Inflation in Australia grew in last quarter at a slower pace than anticipated, rising doubts on next August RBA meeting, with chances of another rate cut very near to even. In the other hand the HSBC Flash Manufacturing PMI China posted worst result at 47.7 in last 11 months, taking the USD higher with it, and the Aussie down from above the 0.93 handle.

Gold and Oil have both eased from recent NY session move higher, trading last at $1341 and $107.13 respectively. Local share markets are in the red overall, with the exception of the Australian ASX index that gains a +0.27%, and the Korean Kospi that pretty much breaks even.

Main headlines in the Asian Session:

Gold correction higher continues

Washington talk points at Summers as front-runner for Fed chair

New Zealand trade surplus surges above expectations

Japan's trade deficit in line with expectations

Financial Times: Why Yellen should be the next Fed chair

Australian CPI low, RBA cut in Aug a real possibility

China HSBC PMI at 11-month low

Australian Treasurer Bowen: Government will continue to pursue responsible fiscal strategy
comments powered by Disqus