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September 25: Asian session

It was another quiet Asian session with an increased demand for safe currencies. US budget discussions continued weighing on the risk appetite. USD/JPY is trading under pressure around 98.60. Meanwhile, USD/CHF has recovered some ground to $0.9140 after a period of tight consolidation.

AUD/USD has once again weakened to the $0.9370 support. NZD/USD has extended the downside to $0.8220. New Zealand’s dollar fell after the nation’s trade deficit unexpectedly widened. USD/CAD is consolidating around 1.0300.

EUR/USD is trading in the narrow $1.3460/80 range. German GfK consumer climate rose to the highest level since the year 2007. GBP/USD has recovered some ground after having slipped below 1.6000 earlier in the day.

Later in the day US will release durable goods orders and new home sales data (forecasts – improvement).  

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