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4 Jul 2014
Asia Recap: AUD takes respite post NFP, RBA double whammy
FXStreet (Bali) - Uneventful Asian session with no economic indicators to take of, which led G10 currencies to enter consolidation phases post the US NFP, ECB rate call, RBA Stevens jawboning-inspired swings.
AUD/USD opened the session around 0.9350 following a low of 0.9328 on Thursday, with some profit-taking ahead of the weekend taking the rate a few pips higher towards 0.9360 in a very slow fashion.
USD/JPY's strong bullish momentum failed to extend, with Japanese traders finding no new triggers nor clues from the Nikkei, which still struggles to break level of supply through 14,450-500, ending the session circa +0.5%.
NZD/USD has been holding quite impressively... or not that surprising if we consider the current allure towards high-yielding currencies. Hard not to continuously find dip buyers in a currency going through a rate hike cycle.
The rest of currencies, including the EUR/USD and GBP/USD were mostly unchanged in what is expected to be a slow Friday, given that US traders will be taking the day off celebrating Independence Day.
AUD/USD opened the session around 0.9350 following a low of 0.9328 on Thursday, with some profit-taking ahead of the weekend taking the rate a few pips higher towards 0.9360 in a very slow fashion.
USD/JPY's strong bullish momentum failed to extend, with Japanese traders finding no new triggers nor clues from the Nikkei, which still struggles to break level of supply through 14,450-500, ending the session circa +0.5%.
NZD/USD has been holding quite impressively... or not that surprising if we consider the current allure towards high-yielding currencies. Hard not to continuously find dip buyers in a currency going through a rate hike cycle.
The rest of currencies, including the EUR/USD and GBP/USD were mostly unchanged in what is expected to be a slow Friday, given that US traders will be taking the day off celebrating Independence Day.