Dollar sees some relief, bounces off 8-mth low against yen

October 8, 2013

As the Asian session opened, the US dollar dipped against the yen to 96.55, a new eight month low. However, in a surprise move, the dollar rebounded fast and advanced throughout the session to gain over 60 pips. As the European session came around, the USDJPY was up at 97.15 yen.

The dollar however might come under renewed pressure as the US government shutdown goes into a second week and the US debt ceiling is approaching on the 17th of October.  

So far there are no signs of any breakthrough in the stalemate, and if investors get more nervous, they will likely move funds into safe haven assets like the yen.

For today, there has been some rebound in the dollar. The dollar gained 0.1 percent against a basket of six major currencies after slipping 0.2 percent yesterday.

Against the euro, dollar edged up slightly, with EURUSD sliding to a session low of $1.3556 from $1.3579, currently down about 15 pips as the pair enters the European session at $1.3563.

The British pound was little changed, edging slightly slower against the dollar in Asia, to $1.6064.

The dollar also bounced against the Swiss franc, with USDCHF up from 0.9027 to 0.9058.

Publication source
FxNet information  FxNet reviews

October 21, 2016
EUR/USD remained unchanged after the ECB
The price maintained its bearish tone on Thursday. The EUR/USD pair stayed around its recent lows during the day. The euro slightly strengthened towards 1.1000 ahead of the US opening. The 50-EMA limited the euro recovery in the 1 hour chart...
October 21, 2016
Decisions on QE Postponed until December
Asian stock markets are narrowly mixed, with Japanese bourses managing marginal gains as the Yen falls against the Dollar. Stock futures in the U.S. are down...
October 21, 2016
EURUSD at $1.09, but declines could be limited
The ECB monetary policy meeting yesterday saw the euro give up its intraday gains to close on a bearish note. As Draghi signaled that the central bank would need time to assess the monetary policy situation...

Larson&Holz IT Ltd Rating
Orbex Rating
FIBO Group Rating
FXCM Rating
XM Rating
FXTM Rating

Empire Option Rating
24option Rating
Binary Brokerz Rating
Grand Option Rating
TropicalTrade Rating
OptionRally Rating