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5 Aug 2013
Session Recap: USD constrained below 82.00 DXY; Aussie & Kiwi dive
FXstreet.com (Barcelona) - The AUD/USD printed yet another fresh low at 0.8847 on weaker than expected domestic retail sales, lowest since August 25 year 2010, while Kiwi also plummeted to fresh 3-week lows at 0.7733 on Fonterra's warning call.
EUR/USD dipped to session lows at 1.3262 just to recover to current quotes at 1.3276, marginally lower from previous weekly close Friday. USD/JPY saw some Yen strength pushing the pair lower to session lows at 98.70, off session highs at 99.14.
Local share markets traded mostly in the negative, with Nikkei index down -0.90%, and China mainland barely in the positive with Shanghai Composite index higher by +0.15%. Gold moved higher to recent session highs around $1318, while Oil dipped to session lows at $106 first, for then bouncing to fresh session highs above the $107 mark.
Main headlines in the Asian Session:
Australia calls general election for Sept 7
Block on New Zealand milk products ban extended from China to Russia, Thailand
Kiwi takes big hit on Fonterra dairy recall
Australia July TD Securities Inflation (YoY) rises to 2.7% vs 2.4%
New Zealand July ANZ Commodity Price up to 0.6% vs -3.7%
Big miss in Australian retail sales, tiny chance of 50bp Aug cut priced in
HSBC China Services PMI shows modest expansion
EUR/USD dipped to session lows at 1.3262 just to recover to current quotes at 1.3276, marginally lower from previous weekly close Friday. USD/JPY saw some Yen strength pushing the pair lower to session lows at 98.70, off session highs at 99.14.
Local share markets traded mostly in the negative, with Nikkei index down -0.90%, and China mainland barely in the positive with Shanghai Composite index higher by +0.15%. Gold moved higher to recent session highs around $1318, while Oil dipped to session lows at $106 first, for then bouncing to fresh session highs above the $107 mark.
Main headlines in the Asian Session:
Australia calls general election for Sept 7
Block on New Zealand milk products ban extended from China to Russia, Thailand
Kiwi takes big hit on Fonterra dairy recall
Australia July TD Securities Inflation (YoY) rises to 2.7% vs 2.4%
New Zealand July ANZ Commodity Price up to 0.6% vs -3.7%
Big miss in Australian retail sales, tiny chance of 50bp Aug cut priced in
HSBC China Services PMI shows modest expansion