Nov. 15: Asian session
Janet Yellen, the nominee to head the Fed, said yesterday that easing measures won’t be removed too soon. Yen declined as stocks gained and the expectations for continued economic stimulus around the globe diminished demand for haven assets. Nikkei 225 reached the levels above 15000 for the first time since May. USD/JPY reached 100.30 before retreating by 15 pips. USD/CHF rose to 0.9180.
EUR/USD edged down to $1.3450, but is trading above yesterday’s low at $1.3418. Friday’s schedule of data likely to affect the EUR/USD includes: euro zone CPI (10:00 GMT); the Ecofin meeting for the EU; US import prices and US NY Empire state Manufacturing Index (13:30 GMT); US industrial production and capacity utilization (14:15 GMT). GBP/USD edged up to $1.6070, though it’s trading below yesterday’s high around $1.6100. There will be no news from Britain today.
AUD/USD rose to 0.9350. NZD/USD rose to the levels just below $0.9300 after a very volatile day yesterday. USD/CAD is trading around 1.0465 after spiking to 1.0525 yesterday. Canadian dollar touched on Thursday the weakest level since September amid wagers it rose too much and too fast, but then pared losses after commodities rose and crude oil, Canada’s biggest export, erased a drop.