Sept. 5: Asian session
FXBAZOOKA.com - Asian stocks fell while the US dollar extended the upside after the European Central Bank announced a rate cut and an Asset-purchase plan on Thursday. Markets await the US labor data to confirm US economic recovery. Meanwhile in Ukraine, President Petro Poroshenko voiced “careful optimism” that talks today with pro-Russian rebels will set the course for a cease-fire. The MSCI Asia Pacific Index dropped 0.6%. USD/JPY touched a new high of 105.70, but retraced to back to the 105.00 mark as we write.
EUR/USD consolidates around $1.2930 after falling by more than 200 pips on the ECB policy easing announcement. GBP/USD touched a new minimum of $1.6285 in Asia, but bounced a little bit higher.
AUD/USD consolidates around $0.9340following the yesterday’s rapid push to $0.9390. NZD/USD touched $0.8270 in Asian trade.