EUR/USD rises above key $1.13

Posted On 09 Jun 2015

Tag: AUDUSD, EURGBP, EURUSD, GBPJPY, NZDUSD, USDCHF, USDJPY

USD/JPY extended lower in the Asian session on Tuesday, down from a late New York session 124.29 124.74. The greenback has been fading its post-nonfarm payrolls gains from Friday. Risk comes on Thursday with US retail sales.

EUR/JPY held onto gains, trading from 140.53 to 141.02 on EUR/USD rally. GBP/JPY was steady, consolidation between 190.97-191.24.

EUR/USD extended gains in Asia to break above 1.1300. Off from 1.1293 to rally to 1.1344. The market appears to be less concerned about Greece concerns. Technical resistance is at 1.1380, last week’s high. Higher Bund yields are supporting the euro.

GBP/USD lifted higher in Asia, opening at 1.5347 then up to 1.5375. EUR/GBP was up another leg in Asia, from 0.7351 to 0.7377. The high last week was 0.7385.

USD/CHF was heavy in Asia between 0.9254-83, on broad dollar weakness. EUR/CHF rose up another leg, from 1.0462 to 1.0489.

AUD/USD opened in Asia at 0.7700, but then traded in a range between 0.7679-0.772. The rally was in reaction to upbeat NAB Business confidence data from Australia.

NZD/USD was off from a 0.7158 high late in New York, to slip in Asia between 0.7144 to 0.7110. There is risk ahead with the RBNZ policy meeting on Thursday, and a rate cut possible.

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Source:: EUR/USD rises above key $1.13

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