29 Apr 2014
Asia Recap: Aussie remains heavy
FXStreet (Bali) - Very few moves to report in the Asian session, with the Australian Dollar being the stand out mover with a 30+ pips decline from highs before recovering part of its losses.
Meanwhile, the USD/JPY traded in a 10 pips tight range around the 102.50 mid number under thin liquidity conditions with the Japanese market closed due to public holidays.
NZD/USD traded heavy, initially posting new lows at 0.8519 before consolidating just pips above. The NZ trade balance came slightly below expectations, but was not enough to stimulate the Kiwi, which retains its weak tone seen last week heading into Europe.
The British Pound and the Euro were confined in a small range, as usual in Asia, ahead of key risk events during European hours, which include UK GDP Q1 and Germany's CPI.
Meanwhile, the USD/JPY traded in a 10 pips tight range around the 102.50 mid number under thin liquidity conditions with the Japanese market closed due to public holidays.
NZD/USD traded heavy, initially posting new lows at 0.8519 before consolidating just pips above. The NZ trade balance came slightly below expectations, but was not enough to stimulate the Kiwi, which retains its weak tone seen last week heading into Europe.
The British Pound and the Euro were confined in a small range, as usual in Asia, ahead of key risk events during European hours, which include UK GDP Q1 and Germany's CPI.