May 15: Asian session
EUR/USD has finally made a new monthly low of $1.2910 on Tuesday. Today euro is trading in the positive territory around $1.2930 on the back of the weaker US dollar. Fitch rating agency yesterday raised Greece’s rating to B- from CCC. Economic calendar is busy today: pay special attention to the German and euro zone’s GDP.
USD/JPY is trading above 102 after reaching 102.43. Weaker yen helped Japan’s Nikkei share average rise above the psychologically key 15,000 threshold for the first time since January 2008.
AUD/USD is trading a bit above 11-month low of $0.9876 hit yesterday as the premium the nation’s bonds offer over US debt declined to the minimal level in a year reducing Aussie’s attractiveness as a higher-yielding currency. Australian stocks fell due to the weakness in mining firms. NZD/USD is just above $0.8200 due to weaker than expected New Zealand’s retail sales released on Monday and broad USD strength.
GBP/USD is trading at $1.5225 after having closed at a fresh low of $1.5200 on Tuesday. Today the Bank of England will present its updated inflation forecasts. USD/CAD rose to 1.0190 on falling oil prices. USD/CHF rose to 0.9674 today and is testing the levels above the 200-week MA.