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June 17: Asian session


Most Asian stock markets fell on Tuesday as the deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped investors' appetite for riskier assets. China’s stocks fell after foreign direct investment in the country unexpectedly declined. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.3%. Japanese Nikkei bucked the trend with rise of a 0.3%, though it was still down on the week so far. USD/JPY is trading on the upside trying to overcome the 102.00 level.

Demand for the commodity currencies was down. AUD/USD fell by almost 50 pips to $0.9350 following the RBA policy minutes release. Australian regulator revealed a slightly more bearish outlook for the national economy and has once again reiterated that the currency is high by historical standards. NZD/USD tracked the AUD’s moves, slipping to $0.8650, but later has recovered some ground. Gold extends the decline for a second day in a row.

EUR/USD slid to $1.3555. GBP/USD dipped below $1.6960.


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