Asian equity markets rose on Monday as investors piled into risk assets as hurricane Irma’s force waned and the United Nations prepared to vote on tougher North Korean sanctions. Markets also digested headlines concerning developments out of the People's Bank of China and European Central Bank announced at the weekend.
USDJPY opened up around 50 pips early on Monday. The pair did not fill the gap after finding buyers around 108.15 and is currently seen trading around 108.40 as the Yen lost 0.5 percent against the US Dollar. Similar to the USDJPY all Yen crosses opened higher in very early trade. There had been heightened concerns over a North Korean missile test on the weekend, a test which did not eventuate resulting in a lower Yen
EURUSD is currently seen trading around 1.2010 as the EUR slipped a little losing 0.2 percent against the US Dollar. The Euro had hit a top of $1.2092 on Friday amid speculation the European Central Bank was closer to starting a wind-back of its stimulus program. The dollar index, which tracks the dollar against a basket of currencies rose 0.2 percent and is currently valued at 91.53
AUDUSD is currently seen Trading at 0.8046 as the Australian Dollar lost 0.2 percent against the USD. From a technical perspective, the 0.8100 handle suffered multiple attacks in early trading, but managed to hold ground and eventually push lower. Similar to the Aussie, the New Zealand Dollar has net lost some ground against the USD after having small ranges and is currently seen trading at 0.72443
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