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16 Aug 2013
Session Recap: USD marginally recovering; Earthquake in NZ
FXstreet.com (Barcelona) - USD has found some buyers above the 81 big figure in the DXY spot index, trading last near session highs at 81.22, mainly helped on Yen weakness, taking the USD/JPY pair to session highs at 97.65, while EUR/USD posted a session low at 1.3340.
The Aussie in the other side has risen to as high as 0.9177 USD paring almost all losses from yesterday's highs, backed by a massive spike higher on the Shanghai Composite that is rumored to be caused by some so called “fat finger” mistake. NZD/USD dipped from fresh multi-week highs at 0.8112 to session lows at 0.8052 as a pretty strong earthquake hit near Wellington in NZ.
Gold spiked to as high as $1371 but has eased ever since around $1365, while Oil is having a hard time to break above the $108 handle, upper bound of current descending channel. Local share markets show mixed results with China mainland in the positive, while Tokyo, Korea or Australia see loses following the -1.5% slide in US equities.
Main headlines in the Asian session:
Investing magnate Soros bets big on S&P collapse
NZD/USD selling-off on NZ quake reports
Shanghai Composite – fat finger maybe not, still surging
The Aussie in the other side has risen to as high as 0.9177 USD paring almost all losses from yesterday's highs, backed by a massive spike higher on the Shanghai Composite that is rumored to be caused by some so called “fat finger” mistake. NZD/USD dipped from fresh multi-week highs at 0.8112 to session lows at 0.8052 as a pretty strong earthquake hit near Wellington in NZ.
Gold spiked to as high as $1371 but has eased ever since around $1365, while Oil is having a hard time to break above the $108 handle, upper bound of current descending channel. Local share markets show mixed results with China mainland in the positive, while Tokyo, Korea or Australia see loses following the -1.5% slide in US equities.
Main headlines in the Asian session:
Investing magnate Soros bets big on S&P collapse
NZD/USD selling-off on NZ quake reports
Shanghai Composite – fat finger maybe not, still surging