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25 Feb 2014
Asia Recap: Range trading dominates
FXStreet (Bali) - It has been a quiet Asian session in the FX arena, with tight ranges dominating ahead of Europe.
The Australian Dollar, after the spike through 0.90 up towards 0.9047 in the US session - courtesy of rising stocks - , has been consolidating gains above the $0.9015/20 area.
The Japanese Yen continues to struggle, despite USD/JPY is still holding below the 102.70/103.00 critical resistance. The breakout in the Nikkei 225 (up over 1.5%) above 15,000 has not propelled enough momentum for the pair to try a break higher through the mentioned offers-sensitivity area.
The rest of currencies, that is, EUR, GBP, NZD, CAD, CHF, all traded in small ranges with investors sidelined ahead of new catalysts.
Main headlines in Asia
Renzi wins confidence vote in the senate
Why China cannot have a 'Lehman moment' - SCMP
PBOC sets USD/CNY reference rate at 6.1184 vs 6.0984 last close
NZ inflation expectations in line with estimates
China January CB Leading Economic Index 1.2
The Australian Dollar, after the spike through 0.90 up towards 0.9047 in the US session - courtesy of rising stocks - , has been consolidating gains above the $0.9015/20 area.
The Japanese Yen continues to struggle, despite USD/JPY is still holding below the 102.70/103.00 critical resistance. The breakout in the Nikkei 225 (up over 1.5%) above 15,000 has not propelled enough momentum for the pair to try a break higher through the mentioned offers-sensitivity area.
The rest of currencies, that is, EUR, GBP, NZD, CAD, CHF, all traded in small ranges with investors sidelined ahead of new catalysts.
Main headlines in Asia
Renzi wins confidence vote in the senate
Why China cannot have a 'Lehman moment' - SCMP
PBOC sets USD/CNY reference rate at 6.1184 vs 6.0984 last close
NZ inflation expectations in line with estimates
China January CB Leading Economic Index 1.2