EUR/USD holds gains after strong Eurozone CPI

Posted On 03 Jun 2015

Tag: AUDUSD, Euro Zone CPI, EURUSD, GBPUSD, NZDJPY, NZDUSD, USDCHF, USDJPY

EUR/USD was still broadly bid after strong Eurozone inflation. In Asia the pair was in consolidation mode trading between 1.1134-75. ECB is in focus later today. Meanwhile, Greece is still an issue and brings caution among traders.

USD/JPY was out of the market’s focus in Asian trading on Wednesday, trading in a sideways consolidation mostly. The pair see-sawed between 123.86 – 124.24. EUR/JPY, 138.23-46. GBP/JPY 190.08-48, eyes up, NZD/JPY choppy, 88.72-89.14. AUD/JPY rallied on good Australian GDP, 96.21 to 96.87.

GBP/USD was steady in Asia, trading between 1.5331-59, just below the New York high of 1.5367.

USD/CHF does little between 0.9325-41. Yesterday’s low was 0.9312. The dollar was still broadly lower.

AUD/USD opened in Asia at 0.7772, traded up more from 0.7757 to 0.7819. Aussie was trading between 0.7757-76 pre-GDP data, then rallied post-release.

NZD/USD Asia range 0.7154-93, consolidating overnight gains to 0.7203.

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Source:: EUR/USD holds gains after strong Eurozone CPI

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