134
Currency Analyst since 2010

Sep. 18: Asian session

EUR/USD rose by about 30 pips yesterday. The pair was little changed during today’s Asian session and is trading in the $1.3360 area. The pair remains near the 3-week high before the Fed concludes a 2-day meeting today when policy makers will decide whether to slow its $85 billion of monthly asset purchases. All in all, the Asian session has been quiet as investors are in the anticipation of the FOMC’s announcement at 18:00 GMT and the following press conference of Ben Bernanke.

GBP/USD is trading on the upside above $1.5900, though below Monday’s high at $1.5962. The Bank of England will release its meeting minutes at 08:30 GMT. USD/JPY is trading in the 99.33/10 area. Yen weakened against most major peers as stock gains curbed demand for haven assets. USD/CHF is hanging above 0.9250.

AUD/USD has stalled in the $0.9350 area. NZD/USD edged down a bit to $0.8222 after it gained more than 60 pops yesterday. Domestic minor data in New Zealand and Australia came out better than expected. New Zealand is to release GDP tonight (forecast: +0.2%). USD/CAD is trading just below 1.0300. Bank of Canada’s Governor Poloz speaks at 14:40 GMT. Gold broke lower to fresh 5-week lows at $1290, while oil has managed to hold above recent fresh 2-week lows above the $105.5 mark.

Scroll to top