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Forex pairs in this Article » EUR/USD, USD/JPY (Barcelona) - USD/JPY surged to day highs at 100.12 following Tokyo winning Olympic bid through the weekend, last retracing to 99.57, while Nikkei index jumped more than 2% along most of the local share markets showing gains, with Shanghai Composite up almost +3% at the time of writing.

AUD/USD moved to above 0.9202 after Liberal-National coalition’s Tony Abbott  won Australian elections this weekend, removing Labor party from 6 years in power. Better than expected domestic home loans data, along with improved trade balance from China released over the weekend, as well as CPI in line with expectations, has helped the Aussie being bid in early weekly trading.

The EUR/USD slipped to session lows at 1.3155 trading last still marginally lower at 1.3173, while GBP/USD trades near session highs at 1.5543. US SP500 futures are also popping to session highs shy of the 1660 mark, with Gold easing below the $1390 level, and Oil flat at $110.50.

Main headlines in the Asian Session:

Abbot wins Australian election, pledges to scrap carbon tax

Tokyo wins 2020 Olympics bid, confidence boost for 'Abenomics'

AUD/USD opens above 0.9200 for 1st time in 3 weeks

New Zealand 3Q Manufacturing sales decreases to -2% vs -0.1%

USD/JPY, spikes to 100.15 on Olympic bid

Bank of Japan buying a total of Y1 trillion of Japanese government bonds today

Australia Investment Lending for Homes improves to 2.9% in July from -0.5%

China August Consumer Price Index (MoM) improves to 0.5% vs 0.1%

Moody’s: Cyprus may need further debt restructurings
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