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Currency Analyst since 2010

Aug. 26: Asian session

Asian shares swung between gains and losses on Tuesday. On the one hand, investors increasingly expect the ECB to expand liquidity as soon as next week. The mood in the market was supported by the S&P 500, which briefly topped the 2,000 mark for the first time in history on Monday. On the other hand, market players sought haven assets before the presidents of Russia and Ukraine meet today.

USD/JPY declined to 103.74. Yen rose as technical indicators signaled the currency’s recent decline was too rapid. AUD/USD dipped to $0.9270. NZD/USD dipped to $0.8309. New Zealand’s dollar fell to the lowest in six months after the nation’s trade balance slipped into deficit.

EUR/USD keeps trading in the $1.3200 area. German 10-year yields hit a record low of 0.926%, before pulling back to 0.95%. GBP/USD edged up to the levels just below $1.6600.

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