Currency Analyst since 2010

July 28: Asian session


Asian shares rose, while Treasuries and oil slipped as investors await data on US services before the Federal Reserve meets this week. MSCI Asia Pacific Index is up by 0.27%. Japanese Nikkei 225 is up by 0.41%.

The dollar index, a gauge of its strength against a basket of key currencies, stood little changed at 81.026 after striking a near six-month high of 81.084 on Friday. USD/JPY is once again fighting with resistance in the 101.80 area. AUD/USD is trading below $0.9400 touching the levels in the $0.9380 region on the downside. NZD/USD slid to $0.8530.

EUR/USD is trading in the $1.3430/25 area, near 2014 low at $1.3420 which was hit on Friday. GBP/USD is little changed in the $1.6880 zone.


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