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11 Sep 2013
Session Recap: Obama steps back a little more; USD unchanged
FXstreet.com (Barcelona) - The Asian session started with a softer USD ahead of US President Obama speech addressing the nation on the Syria conflict, with EUR/USD printing fresh weekly highs at 1.3281, AUD/USD at 0.9320, while USD/JPY touching session lows at 100.10.
Not long after the course reversed and EUR/USD is now sitting at fresh session lows 1.3263, AUD/USD at 0.9288, while USD/JPY posts session and week highs above the 100.50 mark, all of it after Obama's speech giving diplomacy another chance to resolve current conflict with Syria, which helps recent market risk appetite seen in last 48 hours.
Oil eased momentarily below the $107 handle while Gold printed fresh 3-week lows at $1355 last trading above it at $1364. Local share markets are overall in the green or near to break even with Nikkei index up +0.78% and US SP500 futures hovering around the 1680 level.
Main headlines in the Asian Session:
US Treasury’s Lew: Debt limit needs to be raised to avoid economy and market disruption
Japan: Domestic Corporate Goods Price Index (MoM) (August): 0.3% vs 0.6%
Australia Westpac Consumer Confidence Index increase to 110.6 in September from 105.7
Obama puts Syrian action on hold while diplomacy pursued
French draft UN security council resolution would give Syria 15 days
BoJ to ease further, India 'to prepare for the worst' - Ray Dalio
Not long after the course reversed and EUR/USD is now sitting at fresh session lows 1.3263, AUD/USD at 0.9288, while USD/JPY posts session and week highs above the 100.50 mark, all of it after Obama's speech giving diplomacy another chance to resolve current conflict with Syria, which helps recent market risk appetite seen in last 48 hours.
Oil eased momentarily below the $107 handle while Gold printed fresh 3-week lows at $1355 last trading above it at $1364. Local share markets are overall in the green or near to break even with Nikkei index up +0.78% and US SP500 futures hovering around the 1680 level.
Main headlines in the Asian Session:
US Treasury’s Lew: Debt limit needs to be raised to avoid economy and market disruption
Japan: Domestic Corporate Goods Price Index (MoM) (August): 0.3% vs 0.6%
Australia Westpac Consumer Confidence Index increase to 110.6 in September from 105.7
Obama puts Syrian action on hold while diplomacy pursued
French draft UN security council resolution would give Syria 15 days
BoJ to ease further, India 'to prepare for the worst' - Ray Dalio