July 22: Asian session
Asian shares rose as investors bet rising tensions in Ukraine over the shooting down of a jetliner won’t curb global economic growth. Nikkei 225 advanced by 1%. US dollar index remains near 1-month high as an increase in short-term US Treasury yields signaled mounting speculation the Fed will raise interest rates.
AUD/USD strengthened from the session low of $0.9350 into the $0.9390 area. RBA Governor Stevens held a speech, but didn’t talk the Aussie down. NZD/USD consolidates in a narrow $0.8670/90 range. Gold weakened to $1306.20.
USD/JPY rose to 101.50. EUR/USD is frozen at $1.3522. GBP/USD is little changed in the $1.7075 area.