22 October, 2013
The US dollar is the currency in focus today as attention shifts to the much-awaited US jobs data.
The Asian session was relatively quiet and major pairs consolidated as investors wait in the sidelines for the delayed September nonfarm payrolls report which was due on October 4. The US government shutdown caused the late release.
The unemployment report will be closely watched since it gives a good picture of the health of the US economy.
An improvement in the labour market will lead to expectations that the Federal Reserve will begin to taper sooner.
Forecasts are for an increase in the NFP figure but if the data disappoint the dollar is expected to fall sharply.
During the Asian session, the greenback held firm, gaining slightly versus the euro to end the session at $1.3670.
Dollar extended gains against the yen, climbing to a high of 98.35 and up 0.1 percent.
Against sterling, dollar ended at 1.6130.
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...
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