Session Recap: USD to fresh 4-month lows; Equity markets thrashed

FXstreet.com (Barcelona) - With Chinese markets back in business after a 5 day weekend closed over holidays, local share markets were dumped with Nikkei index leading the way lower losing at one point more than -6%.

USD posted fresh 4-month lows at 80.66 DXY with USD/JPY printing fresh 2-month lows at 94.36, and EUR/USD 3-month highs above 1.3360. Gold and Oil showed little changes on the move.

Australian job market surprised to the upside adding 1.1k more jobs to the economy when -10k were expected, making AUD/USD dip below the 0.9450 level. RBNZ left interest rates unchanged at 2.5%, with NZD/USD hanging around the 0.79 figure.

Main headlines in the Asian Session:

Bank of Israel’s Fischer is speaking in London: Says signs for the UK economy are looking up

RBNZ keeps rates at 2.5%, GDP forecast cut

World bank cuts its global growth forecasts

China market reopen today after holiday

EUR/USD prints fresh 3-month highs above 1.3360

Australia shows upbeat jobs data

USD/JPY dips below 95 figure

Equities blood bath in Asia-Pacific

Commodities Brief: Precious metals edge out small gains