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Currency Analyst since 2010

July 17: Asian session

 

USD/JPY slid to 101.45. Yen strengthened as demand for it as a safe haven increased after the US imposed extra sanctions on Russia over Ukraine.

In general US dollar was near the 4-week high as economists said US data will show housing starts and a measure of manufacturing rose. After dipping to $0.9350 AUD/USD rose to $0.9380. NZD/USD hit $0.8680, but then recovered a bit to the $0.8700 area. New Zealand’s currency dropped for a sixth day as traders pared bets on higher interest rates.

EUR/USD is trading on the downside, in the $1.3520 area. Euro is under pressure before a report forecast to confirm inflation stayed below the ECB’s goal. GBP/USD is little changed in the $1.7140 zone.

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