Asia Recap: No signs of risk off resumption

By FXstreet.com | July 20, 2014 AAA

FXStreet (Bali) - A quiet start of the week, with the US Dollar holding steady after giving back part of its sizeable gains last Friday.



EUR/USD was firmer at 1.3535-40 heading into Europe, the AUD/USD was still limited by sticky resistance at 0.94-9410, USD/JPY kept pressure to the downside, nearing year lows, while NZD/USD managed to marginally regain 0.87. The rest of pairs did not present significant changes.



On the fundamental front, ongoing headlines out of Ukraine and Gaza kept pouring in, but so far they failed to have any major impact o markets. US Secretary of State John
Kerry reiterated the US concerns over risk of “further escalation” in Gaza. In New Zealand, net migration for June came at +4270 vs +3960, presenting the highest level since Feb 2003. In the UK, the Rightmove House Price Index for July stood at -0.8% m/m vs +0.1% prior.



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