22 Aug 2013
Session Recap: USD strengthens to 81.5 of DXY; Stocks lower; INR at all-time lows
FXstreet.com (Barcelona) - USD resumed the buying along the Asian session this Thursday reaching fresh 5-day highs at 81.53 of the DXY spot index, right below the 200 DMA at 81.60, with USD/JPY at session highs 98.29, and Nikkei index down -0.62%.
EUR/USD dipped to as low as 1.3330, and Cable got even deeper to below the key 1.56 handle, making EUR/GBP surge. AUD/USD printed fresh 2-week lows at 0.8930 following FOMC but bounced back above the 0.90 level after better than expected HSBC flash manufacturing PMI China coming in at 50.1 vs 47.7 previous, trading last at 0.8987.
In the other hand Indian Rupee posted fresh all-time lows above the 65 level for USD/INR, while Gold and Oil both eased below $1360 and $104 respectively. Local share markets traded in the negative overall, except the Shanghai Composite that hardly breaks even.
Main headlines in the Asian Session:
More details on Bank of England hawk Weale saying further QE could be needed
FOMC offers little insight on tapering initiative - economy still needs support?
Gold slides at end of day after FOMC minutes boosted Treasury yields
Japan Foreign bond investment falls to ¥-903.8B in August 16 from ¥1625.2B
GBP/USD clears 1.5650, BoE Weale does a favour to the bears
Rupee Weakness Boosts Trading Activity
China HSBC PMI prints surprising 50.1
AUD/NZD rises to 1.1473, 17-day highs
EUR/USD dipped to as low as 1.3330, and Cable got even deeper to below the key 1.56 handle, making EUR/GBP surge. AUD/USD printed fresh 2-week lows at 0.8930 following FOMC but bounced back above the 0.90 level after better than expected HSBC flash manufacturing PMI China coming in at 50.1 vs 47.7 previous, trading last at 0.8987.
In the other hand Indian Rupee posted fresh all-time lows above the 65 level for USD/INR, while Gold and Oil both eased below $1360 and $104 respectively. Local share markets traded in the negative overall, except the Shanghai Composite that hardly breaks even.
Main headlines in the Asian Session:
More details on Bank of England hawk Weale saying further QE could be needed
FOMC offers little insight on tapering initiative - economy still needs support?
Gold slides at end of day after FOMC minutes boosted Treasury yields
Japan Foreign bond investment falls to ¥-903.8B in August 16 from ¥1625.2B
GBP/USD clears 1.5650, BoE Weale does a favour to the bears
Rupee Weakness Boosts Trading Activity
China HSBC PMI prints surprising 50.1
AUD/NZD rises to 1.1473, 17-day highs