- Asian session: The yen fell
Market news
2 May 2011
Asian session: The yen fell
Data:
00:30 Australia TD Securities Inflation (YoY) (Apr) 3.8%
00:30 Australia TD Securities Inflation (MoM) (Apr) 0.6%
01:30 Japan Labor Cash Earnings (YoY) (Mar) 0.3%
01:30 Australia House Price Index (QoQ) (Q1) 0.7%
01:30 Australia House Price Index (YoY) (Q1) -0.2%
The yen fell against most of its major counterparts and the dollar strengthened after President Barack Obama said al-Qaeda leader Osama bin Laden had been killed by the U.S. military in Pakistan.
Japan’s currency snapped two-day gains versus the euro and the dollar as Asian stocks rose after Obama delivered the news to America.
The New Zealand dollar dropped as Obama’s announcement pushed up Treasury yields, narrowing the rate advantage offered in the South Pacific nation.
Australia’s dollar declined as the nation’s central bank is forecast to keep its benchmark interest rate at 4.75 percent tomorrow, according to economists.
EUR/USD: the pair decreased in around $1,4800.
GBP/USD: the pair decreased below a mark $1,6800.
USD/JPY: the pair become stronger in around Y81,50.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page