2 Sep 2013
Session Recap: USD subdued; Yen weakens while Oil plummets
FXstreet.com (Barcelona) - The USD has been mixed during the Asian start of the week capped below the 82.20 level of the DXY spot index with EUR/USD trading quiet around the 1.3200 level, but Cable spiking to fresh weekly highs at 1.5558.
USD/JPY in the other side also moved higher to fresh session and weekly highs at 98.67 as risk appetite improved following the delay from the US to attack on Syria, and better than expected China PMI numbers.
The AUD/USD spiked to the upside as well on mentioned positive China data, couple with best Australian building approvals for 2103 up +11% for the month of August, last trading at fresh session highs 0.8972.
Local share markets trade in the positive overall, with Nikkei index up more than +1.3%, while Gold posted session lows at $1374 last paring almost all session loses at $1390. Oil plummeted to session lows below the $105 mark in early trade as Syria tensions mitigate, last trading above the $106.
Main headlines in the Asian Session:
Merkel Says Germany won’t participate in Syria attack
Obama seeks Congressional approval before launching attack against Syria
Most experts back sales tax hike: Japan's Economy Minister
Radiation readings at Fukushima '18 times worse' than previously thought
New Zealand 2Q Terms of Trade Index rises to 4.9% vs 4.2%
Australia August AiG Performance of Mfg Index rises to 46.4 vs 42
Gold retracing below $1380
Japan 2Q Capital Spending improves to 0% vs -3.9%
Huge jump in Australian building permits
China HSBC PMI revised to 50.1, up from 11-month low
Japan PM Abe says he will make a final decision on sales tax changes in Autumn
USD/JPY in the other side also moved higher to fresh session and weekly highs at 98.67 as risk appetite improved following the delay from the US to attack on Syria, and better than expected China PMI numbers.
The AUD/USD spiked to the upside as well on mentioned positive China data, couple with best Australian building approvals for 2103 up +11% for the month of August, last trading at fresh session highs 0.8972.
Local share markets trade in the positive overall, with Nikkei index up more than +1.3%, while Gold posted session lows at $1374 last paring almost all session loses at $1390. Oil plummeted to session lows below the $105 mark in early trade as Syria tensions mitigate, last trading above the $106.
Main headlines in the Asian Session:
Merkel Says Germany won’t participate in Syria attack
Obama seeks Congressional approval before launching attack against Syria
Most experts back sales tax hike: Japan's Economy Minister
Radiation readings at Fukushima '18 times worse' than previously thought
New Zealand 2Q Terms of Trade Index rises to 4.9% vs 4.2%
Australia August AiG Performance of Mfg Index rises to 46.4 vs 42
Gold retracing below $1380
Japan 2Q Capital Spending improves to 0% vs -3.9%
Huge jump in Australian building permits
China HSBC PMI revised to 50.1, up from 11-month low
Japan PM Abe says he will make a final decision on sales tax changes in Autumn