USD/JPY surged to day highs at 100.12 following Tokyo winning Olympic bid through the weekend, last retracing to 99.57, while Nikkei index jumped more than 2% along most of the local share markets showing gains, with Shanghai Composite up almost +3% at the time of writing. AUD/USD moved to above 0.9202 after Liberal-National coalition’s Tony Abbott won Australian elections this weekend, removing Labor party from 6 years in power. Better than expected domestic home loans data, along with improved trade balance from China released over the weekend, as well as CPI in line with expectations, has helped the Aussie being bid in early weekly trading. The EUR/USD slipped to session lows at 1.3155 trading last still marginally lower at 1.3173, while GBP/USD trades near session highs at 1.5543. US SP500 futures are also popping to session highs shy of the 1660 mark, with Gold easing below the $1390 level, and Oil flat at $110.50.
Posted on: Mon, 09 Sep 2013 03:58:52 +0000
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