FXStreet (Guatemala) - Kit Juckes, Global Head of Currency Strategy at Societe Generale noted the move and shakers.

Key Quotes

"Japan's Tankan came in close to expectations for large companies in both manufacturing and non-manufacturing, but the out-performance of large relative to small companies continues. Still, with the Nikkei higher today, a href="http://www.fxstreet.com/technical-studies/currencies/usdjpy/">USD/JPY has resisted the temptation to exit its miniature range and it's worth persisting with a long CAD/JPY trade as an expression of the risk-friendly mood."

"China's official manufacturing PMI was in line too with expectations at 51, the best level of the year so far as the PBOC smoothes the economic adjustment. Finally, in the Asian time zone, the RBA left rates on hold as expected, and again referring to the AUD as being at a high level historically. That triggered a little spike by AUD/USD towards the best levels of the year, and a break above 0.9463 could see it, like EUR and GBP yesterday, squeeze higher."

Related Articles
  1. Forex Fundamentals

    Chinese Yuan an Unlikely Reserve Currency

    As the world's second largest economy, China's challenge to America’s dominance includes a push to make the yuan (RMB), the world’s reserve currency. Whether it can do that now is unclear.
  2. Economics

    How Currency Enforcement Helped Sink The Trans-Pacific Partnership (TTP)

    One particular barrier to trade that has received much attention of late and caused delays in negotiations of the TPP is exchange-rate manipulation, by which a country artificially devalues its ...
  3. Forex

    Top U.S Forex News Sites

    Breaking news moves forex markets. Here are the top U.S. sites for tracking forex news.
  4. Investing

    Financial News Comparison: Bloomberg Vs. Reuters

    Access to financial information has grown with the expansion of digital news. Bloomberg and Thomson Reuters lead the pack, claiming a majority of the business information market.
  5. Economics

    Who Benefits From South Korea's Lowered Interest Rates?

    South Korea is the latest country to cut interest rates in an attempt to stimulate economic growth.
  6. Forex Education

    The Top Uses For P2P Currency Exchange

    Peer-to-peer (P2P) currency exchange networks offer a viable and cheaper alternative for buying and selling currencies.
  7. Forex

    Steps To Open An Offshore Forex Account

    Here is a simple breakdown of how to open an offshore forex account for US-based users, including legal requirements.
  8. Entrepreneurship

    Top Forex Trading Apps

    A brief overview of the top apps that help forex traders with on time information, charts and more.
  9. Investing Basics

    The Risks Of Buying Bitcoin

    Virtual currency is probably here to stay, but what about Bitcoin specifically? Does it have a first-to-market advantage? What are the risks involved?
  10. Forex News

    How The Forex "Fix" May Be Rigged

    When it comes to forex, some types of "fixes" are legal. But some really aren't.
RELATED TERMS
  1. No results found.

You May Also Like

COMPANIES IN THIS ARTICLE
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!