Trader, analyst and instructor with a 6-year experience

September 24: Asian session

It was a calm session on the currency markets with an empty economic calendar. Yesterday the greenback weakened as the Fed’s member Dudley said the economy was still to week to taper bond purchases. USD/JPY has recovered to 99.00 today after a dip to 98.65. USD/CHF is consolidating around $0.9100.

Asian markets were mostly trading in the negative zone. Aussie and kiwi were the biggest losers of the session as declines in global stocks reduced demand for high-yielding currencies. AUD/USD dropped to $0.9395 before recovering some ground. NZD/USD fell to $0.8315. USD/CAD is consolidating around 1.0280. Canada will release retail sales data at 12:30 GMT.

EUR/USD strengthened to $1.3500 after a consolidation below this mark. Yesterday the euro weakened after the ECB Draghi said the bank is ready to launch a third round LTRO if necessary. The market is now waiting for the German Ifo business climate index at 8:00 GMT. GBP/USD is trading under slight pressure around $1.6030. 

Scroll to top