Quantcast

Asia Recap: AUD takes respite post NFP, RBA double whammy

FXStreet (Bali) – Uneventful Asian session with no economic indicators to take of, which led G10 currencies to enter consolidation phases post the US NFP, ECB rate call, RBA Stevens jawboning-inspired swings.

AUD/USD opened the session around 0.9350 following a low of 0.9328 on Thursday, with some profit-taking ahead of the weekend taking the rate a few pips higher towards 0.9360 in a very slow fashion.

USD/JPY’s strong bullish momentum failed to extend, with Japanese traders finding no new triggers nor clues from the Nikkei, which still struggles to break level of supply through 14,450-500, ending the session circa +0.5%.

NZD/USD has been holding quite impressively… or not that surprising if we consider the current allure towards high-yielding currencies. Hard not to continuously find dip buyers in a currency going through a rate hike cycle.

The rest of currencies, including the EUR/USD and GBP/USD were mostly unchanged in what is expected to be a slow Friday, given that US traders will be taking the day off celebrating Independence Day.
For more information, read our latest forex news.    

0
 in News