Asian session – Yen flat near lows as market expects Fed
December 17, 2013 7:30 am
The yen was mostly flat during today’s Asian session. The dollar was little changed against the Japanese currency at 102.98, while the euro gained slightly by 0.07% to trade at 141.82 yen.
The euro was also slightly stronger against the dollar, up 0.08% to trade at 1.3771. The euro was helped by the previous day’s news that business confidence in Eurozone was better-than-expected during December.
During the US session, industrial output for the United States during November surpassed expectations, coming in strong at 1.1% versus a forecast of 0.5% and previous month’s -0.1%. This positive news for the US economy did not seem to help the dollar much.
The Australian dollar was also little changed at 0.8943 against the US dollar, near its lows of 0.8909.
The release of the Reserve Bank of Australia’s minutes for their meeting of December 3, showed that the central bank did not completely rule out the possibility of further easing, although it did state that the interest rate cuts were having a positive impact on the economy. The aussie was still uncomfortably high, according to the RBA.
There was a busy day ahead in terms of economic releases with UK, Eurozone and US inflation figures and the German ZEW investor sentiment survey.
The yen was mostly flat during today’s Asian session. The dollar was little changed against the Japanese currency at 102.98, while the euro gained slightly by 0.07% to trade at 141.82 yen.
The euro was also slightly stronger against the dollar, up 0.08% to trade at 1.3771. The euro was helped by the previous day’s news that business confidence in Eurozone was better-than-expected during December.
During the US session, industrial output for the United States during November surpassed expectations, coming in strong at 1.1% versus a forecast of 0.5% and previous month’s -0.1%. This positive news for the US economy did not seem to help the dollar much.
The Australian dollar was also little changed at 0.8943 against the US dollar, near its lows of 0.8909.
The release of the Reserve Bank of Australia’s minutes for their meeting of December 3, showed that the central bank did not completely rule out the possibility of further easing, although it did state that the interest rate cuts were having a positive impact on the economy. The aussie was still uncomfortably high, according to the RBA.
There was a busy day ahead in terms of economic releases with UK, Eurozone and US inflation figures and the German ZEW investor sentiment survey.
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