16 Jun 2014
Asia Recap: G10 FX ranges as Iraqi conflict escalates
FXStreet (Bali) - No much to report in terms of moves along the first Asian session of the week, with G10 currencies trading within familiar levels.
The AUD/USD remains well capped by 0.94 handle, USD/JPY could not sustain gains past the 102.00, which led to a slight retreat towards 101.80, with a heavy Nikkei 225 (-0.7%) weighing. NZD/USD held onto recent gains, consolidating just 20 pips below the critical 0.87, while EUR/USD was unchanged just below 1.3850. Lastly, GBP/USD continues on a firm footing, although seller are still protecting the 1.70 level.
On the fundamental front, in New Zealand, the Westpac consumer survey (Q2) stood at 121.2 vs 121.7, while the REINZ House Price Index (MoM) (May) came at -1.2% vs 0.1% last. In Australia, RBA Assistant Governor (Economic), Christopher Kent, said that the Aussie is still high given commodity falls, adding that unemployment to remain elevated over next two years, decline later in 2015, also admitting that the labour market shows some signs of improvement though.
On Twitter, there were reports that the Baghdad Airport was attacked by rebels by heavy rocket fire, which prompted the Australian and US embassies to evacuate staff from Baghdad.
The AUD/USD remains well capped by 0.94 handle, USD/JPY could not sustain gains past the 102.00, which led to a slight retreat towards 101.80, with a heavy Nikkei 225 (-0.7%) weighing. NZD/USD held onto recent gains, consolidating just 20 pips below the critical 0.87, while EUR/USD was unchanged just below 1.3850. Lastly, GBP/USD continues on a firm footing, although seller are still protecting the 1.70 level.
On the fundamental front, in New Zealand, the Westpac consumer survey (Q2) stood at 121.2 vs 121.7, while the REINZ House Price Index (MoM) (May) came at -1.2% vs 0.1% last. In Australia, RBA Assistant Governor (Economic), Christopher Kent, said that the Aussie is still high given commodity falls, adding that unemployment to remain elevated over next two years, decline later in 2015, also admitting that the labour market shows some signs of improvement though.
On Twitter, there were reports that the Baghdad Airport was attacked by rebels by heavy rocket fire, which prompted the Australian and US embassies to evacuate staff from Baghdad.