USD/JPY fell through the bids ahead of 96.80 in the late American session and extended losses to briefly below 96.65. Big bidding interest at and ahead of 96.50 held, though, with the pair pushing back toward 97.00 as of writing EUR/USD and GBP/USD both lost some ground in the Asian session, GBP back to around 1.6075 and EUR/USD down to 1.3560. Overall tight ranges, but a directional drift nonetheless. NZD/USD got above 0.8300 but was quickly sold lower as the AUD climbed (AUD/NZD buyers active) to test sub 0.8270 before finding buyers. AUD/USD traded higher in the immediate aftermath the better NAB business confidence results (, but did little more than confirm the existence of good sellers ahead of 0.9450. AUD/USD paused ahead of the 50 level before moving firmly lower – the shrinking in the China HSBC services PMI from August didn’t do it any favours as it tested 0.9415 again.
Posted on: Tue, 08 Oct 2013 06:23:38 +0000