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Aug. 22: Asian session


Asian shares rose after reports from US housing to manufacturing showed that American economy is strengthening. The MSCI Asia Pacific Index added 0.2%. US dollar hovered just below its 2014 peak against a basket of major currencies with bulls turning cautious ahead of a speech by the Fed’s Chair Janet Yellen.

USD/JPY has stopped rising just below 104.00. EUR/USD edged up to $1.3290. GBP/USD is little changed in the $1.6580 area.

Commodity currencies found some support on Thursday. AUD/USD extended the upside to $0.9320 following the yesterday’s quick dip to $0.9235. NZD/USD rose to $0.8410. Gold price consolidates slightly above the yesterday’s low of $1272.

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