Oct. 21: Asian session
US dollar traded near the lowest level since February before data tomorrow forecast to show US unemployment held above the threshold for the Fed to start tapering its bond purchases. Now that the US government is re-opened, global traders will be closely watching the stream of US data. Today pay attention to American existing home sales.
EUR/USD is trading in the $1.3680 area after it has touched levels above $1.3700 on Friday. There will be some news from Germany today: PPI due at 06:00 GMT and monthly report from Bundesbank. GBP/USD is trading in the $1.6170 area after it has touched $1.6225 on Friday.
USD/JPY has opened the week at 97.80 and strengthened to 98.10. Yen has lost some ground as Japan’s export growth slowed and the BoJ governor Kuroda reiterated his commitment to monetary easing in a speech in Tokyo. Nikkei 225 index rose by 0.67%. USD/CHF recovered to 0.9035 after it found support just above 0.9000 on Friday.
AUD/USD has recovered to $0.9670 after having dipped to $0.9640 earlier in the day. NZD/USD keeps consolidating in the $0.8485/8508 range. USD/CAD is consolidating below 1.0300.