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Currency Analyst since 2010

US dollar a bit lower in Asian session

US dollar declined during the Asian session on Friday, but remained above this week’s minimums set after the Federal Reserve’s meeting. EUR/USD is little changed below 1.0700.

USD/JPY stayed below the 120.80 resistance. The Bank of Japan’s February meeting minutes showed that government officials who were present at the meeting said that the central bank shouldn’t hurry with encouraging inflation.

AUD/USD rose almost to 0.7700. The Reserve Bank of Australia’s Governor Stevens said that lower national currency was helping Australian economy, but didn’t say that Aussie’s rate should be lower.

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