Nov. 5: Asian session
EUR/USD is trading under pressure slightly below the $1.3500 mark. Yesterday the euro has renewed a 6-week low at $1.3440. Later on the euro has recovered some ground as euro zone’s manufacturing PMI stayed above 50 for a fourth month in a row. Investors stay cautious ahead of the ECB policy meeting on Thursday. GBP/USD is consolidating in the $1.5950/80 range.
AUD/USD weakened to the levels below the $0.9500 mark. As it was expected, the Reserve Bank of Australia left the rates on hold at 2.50%. According to the accompanying statement, lower Australian dollar is likely to be needed to balance growth in economy. NZD/USD has mirrored the Aussie, slipping to $0.8270.
USD/JPY dipped to 98.20 before recovering to 98.50. Japanese yen strengthened together with the Nikkei drop on Nissan’s stocks depreciation. USD/CHF holds above $0.9100, but remains below the yesterday’s peak of $0.9150.