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- Apr, 13 New Zealand Retail Sales Unexpectedly Rise in February
- Apr, 13 Swissy and Aussie Top Performers on Lightened Holiday Trade (Midday Snapshot)
- Apr, 13 Forex Market Update: AUD and NZD Rally on Stop-Losses
- Apr, 13 Overnight Interest Rate Update 04.13.09
- Apr, 13 Japan Unveils It's Largest Stimulus Package of $154.4 Billion, Yen May Rise
- Apr, 13 Japan's Producer Prices Fall By Most in 7 Years
- Apr, 10 Forex Market Update: USD/JPY Eased Slightly As Recent Rallies Continue to Fail Ahead of 101.00
- Apr, 10 Overnight Interest Rate Update 04.10.09
- Apr, 09 European Economic Data Estimates: 04-10-09
- Apr, 09 US Economic Data Reflects Persistent Job Losses, Lagging Demand, Rise in Import Costs
- Apr, 09 Overnight Interest Rate Update 04.09.09
- Apr, 09 ECB Policymaker Says 1% Interest Rate Open For Discussion, Euro Dips
- Apr, 09 German Industrial Production Drops for a Sixth Month
- Apr, 09 U.K. Trade Deficit Tightened as Exports Rose on GBP Depreciation
- Apr, 09 Forex Market Update: EUR, GBP and JPY Price Action Largely Contained Ahead Of Upcoming Holidays
- Apr, 09 Japanese Machine Orders Surprisingly Rose, But Outlook Still Not Rosy
- Apr, 09 European Economic Estimates: 04-09-09
- Apr, 09 Asian Economic Data: 04-09-09
- Apr, 09 Australian Unemployment Spikes to Surprising 6-Year High, 5.7%
- Apr, 08 Swiss Unemployment Rate - Economic Data Preview
The dollar generally remained under pressure in Asian trading despite some profit-taking in AUD and EUR that offered a slight reprieve to the USD weakness that emerged in NY on Monday. EUR-JPY sales by Japanese investors saw EUR-USD slip from morning highs of 1.3381 to 1.3306 before a bounce back to 1.3350 in the afternoon. Macro funds helped cap AUD at 0.7322 for a slide to 0.7271 before a bounce back to 0.7291. USD-JPY was weighed down by the EUR-JPY sales and a weak Nikkei, dropping from highs of 100.43 to 99.62. However, CAD rallied with USD-CAD falling form 1.2241 to 1.2183 while Cable extended gains ahead of the London open, rising to 1.4912 in response to a fresh slide in EUR-GBP to 0.8957 and recent lows. Flows rather than fundamentals were seen behind the currency moves. In regional developments, the MAS "re-centered" the SGD effectively allowing a 1.7% devaluation following forecasts that the Singapore economy could drop as much as 9% this year. North Korea abandoned nuclear talks and threatened to re-start its program but with little impact on the market. Asian stocks were mixed with the Nikkei dragged down by weak auto shares. NYMEX crude dropped under $50 in further reaction to the IEA forecasts of falling global demand.
The dollar generally remained under pressure in Asian trading despite some profit-taking in AUD and EUR that offered a slight reprieve to the USD weakness that emerged in NY on Monday. EUR-JPY sales by Japanese investors saw EUR-USD slip from morning highs of 1.3381 to 1.3306 before a bounce back to 1.3350 in the afternoon. Macro funds helped cap AUD at 0.7322 for a slide to 0.7271 before a bounce back to 0.7291. USD-JPY was weighed down by the EUR-JPY sales and a weak Nikkei, dropping from highs of 100.43 to 99.62. However, CAD rallied with USD-CAD falling form 1.2241 to 1.2183 while Cable extended gains ahead of the London open, rising to 1.4912 in response to a fresh slide in EUR-GBP to 0.8957 and recent lows. Flows rather than fundamentals were seen behind the currency moves. In regional developments, the MAS "re-centered" the SGD effectively allowing a 1.7% devaluation following forecasts that the Singapore economy could drop as much as 9% this year. North Korea abandoned nuclear talks and threatened to re-start its program but with little impact on the market. Asian stocks were mixed with the Nikkei dragged down by weak auto shares. NYMEX crude dropped under $50 in further reaction to the IEA forecasts of falling global demand.
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