Asia-Pacific equity markets mostly Opened higher on Monday, led by buying in China hitting a 21 month high after a weeklong holiday there. Hong Kong stocks, however, fell modestly after hitting 10-year highs Friday. Turkey’s lira also tumbled as relations with the U.S. deteriorated. Liquidity was lacking with Japan and South Korea on holiday and a partial holiday in the United States where stocks will be open but bonds will be closed.
USDJPY is currently seen Trading near today’s opening level at 112.60, The USD had dropped close to 30 pips earlier in the session against the Yen reaching lows of 112.32 before recovering to current levels. Overall the Dollar is a shade softer across the currency markets today. Notably the Dollar was seen trading as high as 113.43 on Friday against the Yen.
EURUSD opened the week around the lows of 1.1725 and reached as highs as 1.1747 in the session before settling around current levels of 1.1735. Overall the Euro gained 0.1 percent against the US Dollar. Likewise, GBPUSD is seen trading around 1.3095 as the Pound added over 0.1 percent against the US Dollar. The dollar index, which tracks the dollar against a basket of currencies was flat is currently valued at 93.75
AUDUSD has maintained a little lower than its late Friday level and is currently seen Trading at 0.7760 down from its session highs of 0.7782. The Kiwi opened creating fresh lows of 0.7058 earlier in the session before retracing partially against the USD. NZDUSD is currently seen trading at 0.7073 overall down by 0.2 percent.
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