25 September, 2013
The euro remains weak against the dollar on Wednesday, trading near Tuesday’s lows. The single currency is being weighed down after weaker-than-expected German sentiment data.
Also, comments on Monday from European Central Bank President Mario Draghi that the bank was ready to provide more long-term loans to keep money market rates from rising have kept the euro pinned down.
EURUSD slid to $1.3465, around yesterday’s lows. The pair was unable to break higher than $1.3480.
The yen retained gains today as risk aversion supported the safe haven Japanese currency. Concerns over a possible US government shutdown in a week kept the dollar weak against the yen.
USDJPY had a quiet session and briefly dropped to 98.54 before steadying to end at 98.60 yen. The pair is down about 0.7 percent so far this week.
Uncertainty over the Fed's outlook kept traders cautious and on data-watch mode as they are concerned for how long the US Fed could hold off from tapering.
Lack of domestic data led AUDUSD to retest support at $0.9365, which has been retested a few times this week.
The Asian session was calm as the economic calendar was light and most investors were positioning ahead of key risk events later this week, primarily the US nonfarm payrolls report on Friday...
The first full trading week of 2014 began today, with Japan opening for the first time after a two-week holiday...
The pair extended the positive trading, whereas it approached 61.8% correction at 1.3625
The dollar rose above 102.00 yen for the first time since May 29, while the euro flirted with the key $1.36 handle and hit a new four-year high within striking distance of 139.00 yen...
The best performing currency during Thursday’s Asian session was the Australian dollar which jumped against its US counterpart after strong Australian business spending data. Private Capital Expenditure increased by 3.6% quarter-on-quarter despite expectations for a decline by 1.1%...
The main currency of the day was the sterling which outperformed against the dollar and euro, as well as against the yen after being boosted by strong UK second quarter growth data...
The euro was stronger today particularly against the dollar and the pound. While there were no economic data releases today from the Eurozone to explain the move, there were some headline news which affected sterling and dollar...
The yen was supported by safe haven demand today after the release of a slightly dovish Bank of Japan policy meeting minutes. The minute from last weeks meeting showed some concern about Japans economic outlook and whether the central bank 2% inflation target could be met...
The dollar remains bullish against the yen, while the euro hit a new four-year high against the Japanese currency in todays Asian session...