US dollar hits two-week high against yen on US debt deal progress

15 October, 2013

The US dollar strengthened to its highest level in two weeks against the yen in early Asian session trading on Tuesday as risk sentiment gained on positive news on the US debt saga. 

The greenback was boosted by news in the prior US session on Monday that there was significant progress in the US budget negotiations and Washington lawmakers were close to making a deal before the debt ceiling will be reached on Thursday.

Senate Majority Leader Harry Reid said he was hopeful a deal could be announced very soon and even by today.

The dollar extended gains against the yen from the US session and USDJPY climbed to a peak of 98.69 yen in Asia before easing to 98.40 yen. 

Euro gave up some gains against the yen, after gaining 0.3 percent during Monday, with EURJPY dropping from a high of 133.81 yen down to 133.50 yen by the end of Asian trading.

Euro fell from Monday’s high of $1.3596, with EURUSD slipping down to an Asian session low of $1.3550 63. 

Gold moved off its Monday high of $1290 and fell to $1,270 as the US dollar strengthened. The two assets usually have an inverse price relationship.


Source link  
Aussie declines despite shrinking Australian trade deficit

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...

USD/JPY slips as Nikkei falls in risk-off market after disappointing China PMI data

The first full trading week of 2014 began today, with Japan opening for the first time after a two-week holiday...

Technical Analysis On Major Currencies By FXNET

The pair extended the positive trading, whereas it approached 61.8% correction at 1.3625


Euro Hits Fresh 1-Month High After German Inflation Data

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...

Aussie Powers Through & Dollar Hits New 6-Month High Against 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%...

Sterling and Euro Outperform Vs US Dollar

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...


Euro Steady Around $1.35

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...

Yen Up Against Dollar After Weak US Data

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...

EUR/JPY Hits A New 4-Year High

The dollar remains bullish against the yen, while the euro hit a new four-year high against the Japanese currency in todays Asian session...

  


Share: