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

February 17, 2017
US dollar poised to end the weak on a bearish note
The US economic data continued to post strong gains with building permits and Philly Fed manufacturing index beating expectations strongly. However, the markets were not quite impressed despite the data points supporting the hawkish Fed for more rate hikes...
February 17, 2017
Brent remained rather unchanged
There seems to be little drive for any real direction now. Brent remained rather unchanged on Thursday staying in a tight range above 55.50 dollars per barrel. The Asian upward impetus lost it legs when European markets opened...
February 16, 2017
U.S. dollar remained near its fresh highs
After touching the level 1.0550 the euro bounced off and was able to reverse a minor part of its losses. The overnight’s recovery attempt stalled just under 1.0600 barrier. The pair came under renewed selling pressure and slipped into negative territory in the late Asian session...

OANDA Rating
Grand Capital Rating
Vantage FX Rating
FXCM Rating
Tickmill Rating
FX Giants Rating

Binary Brokerz Rating
UKoptions Rating
GTOptions Rating
Banc De Binary Rating
Beeoptions Rating
OptionRally Rating