224
Currency Analyst since 2010

July 3: Asian session

Asian shares swung between gains and losses, with the regional index trading near a 6-year high, as ADP data showed US companies added more workers than estimated before a government Non-Farm Payrolls report today. The Fed’s Chair Janet Yellen said yesterday that concerns about financial stability shouldn’t prompt a change in current monetary policy. USD/JPY rose to 101.93.

EUR/USD slid to $1.3447, but is trading above yesterday’s low at $1.3638. GBP/USD is trading on the downside in the $1.7155 area.

AUD/USD extends the decline for a second day in a row, falling to $0.9370 in Asia. Australia released a bunch of important data with building approvals rising by 9.9% (forecast: 3.1%). At the same time May retail sales unexpectedly fell by 0.5% (forecast: 0.0%, April reading revised down to -0.1%). The RBA Governor Stevens added pressure to the Aussie, repeating the currency is high by historical standards. NZD/USD consolidates in the $0.8775/45 range.

Scroll to top