Filed Under:
Forex pairs in this Article » EUR/USD, USD/JPY (Barcelona) - The USD/JPY posted a fresh 3-week high at 99.10 on the back of Yen weakening further, being the weakest of all majors in last 2 trading days, helped on Nikkei rising more than 2.5% above the 13700 points mark again.

USD overall instead did not move much, with EUR/USD quiet around the 1.3350 level where it has been since past Friday, and AUD/USD unable to breach the 0.9045 USD resistance level. Gold has been range bound between $1380 offers and $1372 bids, while Oil keeps showing strength above the $105.5 mark.

Local share markets trade in the green overall, following the recovery seen in global equities Thursday, also helped on a new round of rumors saying some kinda of RRR cut coming from the PBoC could be imminent.

Main headlines in the Asian Session:

Trading on Nasdaq Suffers 3 Hour Shutdown

Emerging markets finally take a breather

$15.0 billion QE deduction expected to begin in September

Emerging market Central banks witness critical decline in emergency reserves

PBOC may cut RRR, Aussie up - China's Sec Journal

USD/JPY catapults higher to 99.00 region

China press: Downward pressure on industrial production in 2013 H2 expected

China FDI - Foreign Direct Investment (YTD)(YoY) rises to 7.1% in July from 4.9%

Israeli military says it has bombed a Lebanese target in retaliation for Thursday’s rocket attack

Reuters article: Brazil central bank launches $60 bln currency intervention program
comments powered by Disqus