Weak USD across the board, AUD up as RBA holds

Currency Summaries

JPY
• USD/JPY dropped from 123.27 to 122.64
• EUR/JPY 130.29 to 129.77
• GBP/JPY 185.77 to 185.06 then bounces.
• AUD, NZD bid Japan on yield demand, 88.87 to 89.46, 80.99 to 81.69.

EUR
• EUR/USD opens Asia at 1.0565 after making another fresh 7-month low yesterday
• Very quiet start, tracks up later, 1.0564 to 1.0597
• EUR/USD players very short, short-squeeze risk up @ECB announcement.

GBP
• GBP/USD from 1.5053 to 1.5098 in Asia, from 1.4994 7-month low yesterday.
• April low 1.4567, risk still down with BoE MPC dovish but market short.
• EUR/GBP soggy, 0.7008-20 in Asia, 0.6979 recent low November 19.

CHF
• USD/CHF on back foot in Asia but risk still up, range 1.0265-91.
• EUR/CHF see-saw between 1.0861-83 in Asia.

AUD
• AUD/USD opens Asia at 0.7229, up from 0.7222 to 0.7284, demand for yield.
• USD also under pressure across the board
• Even precious metals up, spot gold +1.0% at one stage.
• RBA meeting came and went, nothing new.

NZD
• NZD/USD NY close 0.6585, Asia 0.6584 to 0.6647 rally, leads charge up.
• Decent NZD/JPY buying from Tokyo, carry interest, commodities also up.
• data out today ignored.

The post Weak USD across the board, AUD up as RBA holds appeared first on FXTM Blog.

Source:: Weak USD across the board, AUD up as RBA holds

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