Asia pacific equity markets opened on a positive note breaking the broad weakness seen in the markets since the end of last week. Markets shrugged off the softer lead from Wall Street to climb moderately higher on Thursday. Energy stocks in most markets rose as oil prices steadied despite pressure after the U.S. government reported an unexpected increase in crude and gasoline stockpiles
USDJPY is currently seen trading around 112.92 as the dollar gained 0.2 percent against the Yen on Thursday. Notably, the Yen had risen over 0.5 percent against the US Dollar in the previous session trading near its strongest in about a month. The Nikkei Stock Average is up over 1.4 percent, recovering from Wednesday’s 1.6% decline, The Nikkei’s gains come despite a overall stronger yen.
EURUSD had a rather quiet session sliding around 20+ points in the thinly traded pre-Tokyo morning time and recovered partially to current levels of around 1.1790. The dollar index, which tracks the dollar against a basket of currencies was flat and is currently valued at 93.80. The yield on 10-year Treasuries was steady at 2.34 percent after declining five basis points in the previous session.
AUDUSD was active early on Friday. he Australian dollar climbed to highs of 0.7610 after employment rose for the 13th consecutive month. Currently the Aussie has lost some of its gains and is currently seen trading around 0.7595. Australia’s 10-year yield dipped one basis point to 2.58 percent, around the lowest since the end of June. NZDUSD is a few points lower on the session and is currently seen trading around 0.6862.
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