Session Recap: Aussie leads on low volatile Asia

FXstreet.com (Barcelona) - The Sterling, which started the week as the weakest currencies, saw some mild upward adjustment on profit-taking during the Asian session, with the Aussie and Kiwi the outperformers. The Yen remains well offered throughout.

The Asian session has presented little action, with moves comprised in well defined ranges. The AUDUSD and NZDUSD were probably the exception, with the first pair breaking 1.0425 resistance on the upbeat NAB confidence index, only to meet sellers at 1.0450. Meanwhile, the Kiwi popped up above 0.8350 on rosy trade data in New Zealand.

Main Headlines in Asia (in chronological order)

- Kiwi pushes up on upbeat NZ trade balance

- France is totally bankrupt, labour minister says

- GBPJPY uptrend incomplete - JPMorgan

- Australia November Conference Board Leading Indicator -0.2% (October was +0.2%)

- Eurozone periphery nations recover up to ¬100bn in private funds - FT

- AUS: NAB Business Confidence improvement trigerring short covering

- Economic advisory group: Australia's mining construction boom is expected to peak in late 2013

- AUDUSD faces 1.0440/45 confluence level

- AUDUSD: Hedge fund sell orders above the market

A new theory for EUR strength? - Nomura