Currency Analyst since 2010

June 24: Asian session

Asian shares were mixed today after a much muted Wall Street finish. Investors are digesting improved manufacturing data from China, Japan and the United States augured well for global growth, though result from the euro zone was disappointing. The greenback remains under pressure ahead of US new home sales data later today. USD/JPY is little changed in the 101.90 area.

There are no market moving releases in Australia and New Zealand for today. AUD/USD gained some ground, recovering to $0.9430. The pair holds below the yesterday’s peak of $0.9445. NZD/USD followed the Aussie, recovering to $0.8720. Gold trades under a slight bearish pressure around $1315.

EUR/USD edged down a bit from $1.3600. GBP/USD is trading in the $1.7025 area.


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