Currency Analyst since 2010

June 4: Asian session

Asian shares slid, with regional benchmark index retreating from a 7-month high, as investors await a report on US jobs later today and a decision from the ECB on monetary policy tomorrow. Nikkei slid by 0.3%.

USD/JPY rose to 102.80. US dollar strengthened to a 1-month high against yen before US reports this week that economists said will show the job market improved last month.

AUD/USD spiked to a high just under 0.9300, inspired by a strong Australian Q1 GDP. Economy grew by 1.1% in the first 3 months, up from 0.8% in Q4 and forecasted 0.9%. However, the disappointing details of the report pulled the pair back to $0.9260. NZD/USD tested the $0.8440 mark, but met resistance and retraced to the $0.8415 mark. Gold consolidates around $1246.0.

EUR/USD slid back to the $1.3600 area. GBP/USD declined to $1.6718.

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