Currency Analyst since 2010

July 30: Asian session

Asian shares are a bit on the upside with MSCI Asia Pacific Index up by 0.2%. US dollar is consolidating versus its counterparts after yesterday’s gains. The greenback remains near the highest in almost eight weeks against major peers amid prospects jobs numbers will add to indicators of stronger economic growth, prompting the Fed to further taper stimulus at a meeting that concludes today.

USD/JPY is trading in the 102.10 area after it closed above 102.00 yesterday. Japanese industrial production contracted by 3.3%.

AUD/USD is in the $0.9380 area. NZD/USD is just above $0.8500. New Zealand’s building concerts rose by 3.5%. According to the data released today, the RBNZ made no currency interventions in June. EUR/USD is trading just above $1.3400. GBP/USD is in the $1.6945 area.

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