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6 Aug 2013
Session Recap: USD pares loses; RBA cuts 25bps as expected
FXstreet.com (Barcelona) - The USD has recovered ground across the board reaching as high as 81.86 for DXY spot index from previous session lows at 81.74, almost paring all initial loses following Yen strength taking USD/JPY pair to fresh session and weekly lows at 97.82.
The Aussie has jumped to fresh 3-day highs at 0.8970 after the RBA has cut rates 25bps leaving rates at multi-year record lows 2.5%. Australian trade balance showed a lower surplus than expected, while ANZ job advertisements came in lower by -1.1%, in the negative for fifth consecutive month. EUR/USD trades around 1.3265 mostly unchanged for the session.
Local share markets trade in the negative overall, with Nikkei index down -0.24% paring almost all previous loses, and the Shanghai Composite also down -0.16%. The Hong-Kong's Hang-Seng leads the way lower down more than -1.5%. Gold has dipped to as low as $1289, while Oil remains mostly stable around the $106.5 mark.
Main headlines in the Asian Session:
Washington Post newspaper to be bought by Amazon’s Jeff Bezos
NZD/USD rallies strongly as NZ dairy auction looms
China Securities Journal: China may allow a small yuan depreciation
IMF urges Japan to approve sales tax hike
Australian exports down despite weaker Aussie; Job ads plummet
Australia RBA Interest Rate Decision falls to 2.5% vs 2.75%
RBA cuts rates as universally expected, statement not that dovish...
The Aussie has jumped to fresh 3-day highs at 0.8970 after the RBA has cut rates 25bps leaving rates at multi-year record lows 2.5%. Australian trade balance showed a lower surplus than expected, while ANZ job advertisements came in lower by -1.1%, in the negative for fifth consecutive month. EUR/USD trades around 1.3265 mostly unchanged for the session.
Local share markets trade in the negative overall, with Nikkei index down -0.24% paring almost all previous loses, and the Shanghai Composite also down -0.16%. The Hong-Kong's Hang-Seng leads the way lower down more than -1.5%. Gold has dipped to as low as $1289, while Oil remains mostly stable around the $106.5 mark.
Main headlines in the Asian Session:
Washington Post newspaper to be bought by Amazon’s Jeff Bezos
NZD/USD rallies strongly as NZ dairy auction looms
China Securities Journal: China may allow a small yuan depreciation
IMF urges Japan to approve sales tax hike
Australian exports down despite weaker Aussie; Job ads plummet
Australia RBA Interest Rate Decision falls to 2.5% vs 2.75%
RBA cuts rates as universally expected, statement not that dovish...