Trader, analyst and instructor with a 6-year experience

June 26: Asian session

It was a quiet session with all the major pairs trading in tight ranges. The yesterday's USD pessimism turned to be short-lived. Asian shares rose as investors believe that the US economy is emerging from a worse-than-estimated contraction last quarter. Japanese Nikkei is up by 0.3%. USD/JPY keeps on testing the 101.80 support to the downside.

NZD/USD was the only big mover, jumping to $0.8770. Kiwi strengthened as New Zealand offers the highest interest rate among the developed nations. AUD/USD weakened to $0.9410.

EUR/USD consolidates around $1.3630, while GBP/USD - around $1.6990. Watch the BoE Financial Stability Report and Carney's speech in the European session. 



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