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6 Jun 2013
Session Recap: USD lower but holding above 82.50 DXY; Aussie smacked
FXstreet.com (Barcelona) - The USD moved lower in the Asia-Pacific against majors like Euro, Yen, Pound or Swiss Franc, but it proved resilient against commodity currencies such as Kiwi, Aussie or Loonie, with AUD/USD posting fresh lows at 0.9438 last, the lowest since Oct 2011, down more than -1.0% for the session alone.
Local share markets all show losses with no exception, following US equity markets. Nikkei printed fresh 9-week lows below the 12900 points mark, last down -0.69%, while Shanghai loses -0.79%, Hong-Kong's Hang-Seng -1.27%, Korean Kospi -1.52%, and Australian ASX -0.66%. Gold and Oil did not move much, despite USD weakness.
Australian Trade balance came in way lower than expected although previous month figures were revised higher, with exports falling -1% for the month of April. Data for Japan buying foreign bonds came in lower again, showing net selling of foreign bonds out of Japan.
Main headlines in the Asian Session:
Japan PM Abe’s ’3rd arrow’ speech yesterday. More like a lead balloon.
EUR/JPY below 130 on Yen strength
EUR/USD still in holding pattern below 1.3100
Kiwi finishes moderately lower just above 0.7950
Japan: Foreign bond investment (May 31): ¥-1172.5B vs ¥-1119.6B
EUR/AUD highest since Nov 2011 above 1.3750
Commodities Brief: Sideways chop continues in both gold and silver
AUD/USD cracks the big 0.95 figure down
Australia Trade Balance down to 28M in Apr from 555M
Australia Exports declines to -1% in Apr from 1%
AUD/NZD cracks 1.2000, further downside ahead?
Japan’s chief cabinet secretary Suga: Will take time for the whole country to escape deflation
Local share markets all show losses with no exception, following US equity markets. Nikkei printed fresh 9-week lows below the 12900 points mark, last down -0.69%, while Shanghai loses -0.79%, Hong-Kong's Hang-Seng -1.27%, Korean Kospi -1.52%, and Australian ASX -0.66%. Gold and Oil did not move much, despite USD weakness.
Australian Trade balance came in way lower than expected although previous month figures were revised higher, with exports falling -1% for the month of April. Data for Japan buying foreign bonds came in lower again, showing net selling of foreign bonds out of Japan.
Main headlines in the Asian Session:
Japan PM Abe’s ’3rd arrow’ speech yesterday. More like a lead balloon.
EUR/JPY below 130 on Yen strength
EUR/USD still in holding pattern below 1.3100
Kiwi finishes moderately lower just above 0.7950
Japan: Foreign bond investment (May 31): ¥-1172.5B vs ¥-1119.6B
EUR/AUD highest since Nov 2011 above 1.3750
Commodities Brief: Sideways chop continues in both gold and silver
AUD/USD cracks the big 0.95 figure down
Australia Trade Balance down to 28M in Apr from 555M
Australia Exports declines to -1% in Apr from 1%
AUD/NZD cracks 1.2000, further downside ahead?
Japan’s chief cabinet secretary Suga: Will take time for the whole country to escape deflation