FXStreet (Bali) - An exceedingly slow Asian session, with the US Dollar still showing no signs of life.



The FX calendar was completely vacant, not helping the case for any volatility trigger. The main theme the market is focus on continues to be the dovish comments by Fed's Yellen last Wednesday, causing the US Dollar to be unloved across the board, a situation opposite to the Pound, which keeps displaying a solid footing as policy divergences between the BoE and Fed widen.



During today's Asian session, the Yen was buoyed by Japanese stocks, with the Nikkei 225 rising over 0.25%. The Australian and New Zealand Dollar, both caught some minor (10-20 pips) bullish tones, as did Euro and Pound, with the US Dollar ending the session as the worst performer once again.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Slowdown in UK economic activity in Q1 was temporary - Lloyds Bank

  2. Forex News

    EU/US yield spread bolstering EUR/USD – Societe Generales

  3. Forex News

    Weaker commodities could impact on ECB’s QE – BTMU

  4. Forex News

    EUR/USD bounces-off lows near 1.1050

  5. Forex News

    Pound May Rise as 2Q UK GDP Data Boosts BOE Rate Hike Bets

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!