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29 Aug 2013
Session Recap: USD easing as Obama awaits to make a decision on Syria
FXstreet.com (Barcelona) - The USD eased today in the Asia-Pacific capped below the 81.50 level of the DXY spot index, down to current 81.40, taking USD/JPY lower with it to recent 97.54 quote near session lows, and EUR/USD to session highs last at 1.3338.
AUD/USD popped higher on a mix bag of domestic data, last at 0.8969, still looking heavy below the 0.8990 mark, while Cable also inched higher last near session highs at 1.5546. Part of the broad USD move lower came on the back of new Obama comments saying he has not “made a decision” on the Syria strike yet, media said.
Local share markets trade mixed mostly in the positive but with Australian ASX and Shanghai Composite still little lower, while US equity futures remain calm near session lows. Gold has continued to ease trading last at fresh session lows below the $1410 mark, with Oil holding above the $109 handle, little changed since NY close.
Main headlines in the Asian Session:
Nikkei: Japan to decide on tax breaks for capex in September
Obama says he has not yet made a decision on Syria strike
Reuters article: Syria, debt ceiling worry has markets questioning Fed taper
Brazil have raised thier benchmark rate by 50 basis points
Japan: Retail Trade (YoY) (July): -0.3% vs 1.6%
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=624400e2-5e21-4e9c-ac06-1dd8e8143037
Australia HIA New Home Sales (MoM) decreases to -4.7% in from 3.4%
Australia - 3rd estimate for 2013/14 capex spending at $A 159.2bn
AUD/USD popped higher on a mix bag of domestic data, last at 0.8969, still looking heavy below the 0.8990 mark, while Cable also inched higher last near session highs at 1.5546. Part of the broad USD move lower came on the back of new Obama comments saying he has not “made a decision” on the Syria strike yet, media said.
Local share markets trade mixed mostly in the positive but with Australian ASX and Shanghai Composite still little lower, while US equity futures remain calm near session lows. Gold has continued to ease trading last at fresh session lows below the $1410 mark, with Oil holding above the $109 handle, little changed since NY close.
Main headlines in the Asian Session:
Nikkei: Japan to decide on tax breaks for capex in September
Obama says he has not yet made a decision on Syria strike
Reuters article: Syria, debt ceiling worry has markets questioning Fed taper
Brazil have raised thier benchmark rate by 50 basis points
Japan: Retail Trade (YoY) (July): -0.3% vs 1.6%
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=624400e2-5e21-4e9c-ac06-1dd8e8143037
Australia HIA New Home Sales (MoM) decreases to -4.7% in from 3.4%
Australia - 3rd estimate for 2013/14 capex spending at $A 159.2bn