Session Recap: Aussie tumbles while Oil skyrockets

FXstreet.com (Barcelona) - While the USD index was broadly unchanged around the 83.5 level for the spot DXY index, ahead of key US NFP data Friday, the Aussie was the big loser of the Asia-Pacific today, as RBA Stevens said AUD might fall further.

The AUD/USD reversed completely from session highs around the 0.9190 following a series of not so bad local data, for then selling off on the back of RBA Stevens dovish comments. EUR/USD keeps steady around the 1.2970, while GBP/USD near 1.5150, and USD/JPY has been up and down in the 100.88/45 trading range.

Oil skyrocketed to fresh 13-month highs shy of the $102 mark, while Gold has been trading sideways around the $1145 spot price. Local share markets traded all in the red in the Asia-Pacific.

Main headlines in the Asian Session:

EUR/USD: Sovereign bids reported nearby

Pimco suffers record $9.6 billion outflow in June

Fed’s Powell: Future policy path likely to involve continued support for accommodative policy for quite some time

Oil pops above $100

China Non-manufacturing PMI declines to 53.9 in June from 54.3

Australia: HIA New Home Sales (MoM) (May): 1.6% vs 3.9%

PBOC looking to sell 91-day bills

Australia: much larger trade surpruls; retail sales disappoint

China June HSBC China Services PMI improves to 51.3 vs 51.2

AUD/USD succumbs to fresh trend lows on RBA Stevens

Flash: RBA will cut further, timing data dependent - Nomura