Sep. 1: Asian session
FXBAZOOKA.com - US dollar reached the highest level in almost a year against the euro as signs of US economic growth and tensions in Ukraine boosted demand for the currency. EUR/USD opened with a gap down at $1.3127. GBP/USD edged a bit up, to the $1.6600.
USD/JPY opened with a gap up at 104.17. Most Asian stocks rose, as investors weighed whether Chinese policy makers will add stimulus after reports showing slower manufacturing growth.
AUD/USD opened the week with a bearish gap, but recovered to $0.9340 in the Asian trade. NZD/USD tracked the Aussie, recovering into the $0.8375 area. Commodity currencies stayed in demand despite the weak Chinese figures and a contraction in Australian company operating profits.