Asian Session – US dollar holds near Friday’s highs on possibility of earlier tapering
November 11, 2013 7:48 am
The US dollar held near its best levels for 2 months, on the aftermath of the much stronger-than-expected employment report on Friday. The euro did manage to firm slightly by 0.06% to 1.3365.
In Asian economic news, Japan’s September current account surplus came in bigger-than-expected at 587 billion yen, versus 400 billion expected by economists. The previous month’s surplus was 161.5 billion. The surprise was due to an increase in earnings and profits from foreign investments.
The dollar slipped under 99 yen once again versus the Japanese currency, down 0.27% at 98.94.
In Australia, loans for housing grew by a slightly larger-than-expected 4.4% seasonally adjusted during September compared to the previous month. The Australian housing sector is characterized by very positive trends currently.
The Australian dollar fell a marginal 0.04% to 0.9380 against the US dollar, after being one of the biggest losers versus the greenback following the strong employment report on Friday.
No data was expected out of the United States later in the day, in observance of Veterans’ day holiday. The European release calendar was also thin, with only Italian industrial production for September on the agenda.
The pound managed to hold on to the 1.60 level, as it gained a slight 0.05% at 1.6009 versus the dollar.
The US dollar held near its best levels for 2 months, on the aftermath of the much stronger-than-expected employment report on Friday. The euro did manage to firm slightly by 0.06% to 1.3365.
In Asian economic news, Japan’s September current account surplus came in bigger-than-expected at 587 billion yen, versus 400 billion expected by economists. The previous month’s surplus was 161.5 billion. The surprise was due to an increase in earnings and profits from foreign investments.
The dollar slipped under 99 yen once again versus the Japanese currency, down 0.27% at 98.94.
In Australia, loans for housing grew by a slightly larger-than-expected 4.4% seasonally adjusted during September compared to the previous month. The Australian housing sector is characterized by very positive trends currently.
The Australian dollar fell a marginal 0.04% to 0.9380 against the US dollar, after being one of the biggest losers versus the greenback following the strong employment report on Friday.
No data was expected out of the United States later in the day, in observance of Veterans’ day holiday. The European release calendar was also thin, with only Italian industrial production for September on the agenda.
The pound managed to hold on to the 1.60 level, as it gained a slight 0.05% at 1.6009 versus the dollar.
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