Equity markets across the Asia-Pacific region were lower on Tuesday, against the backdrop of fresh threats from North Korea, and as investors awaited fresh signals about the U.S. monetary policy outlook. North Korea’s foreign minister warned overnight that his country can shoot down U.S. warplanes injected a note of caution to markets
USDJPY after bottoming under 111.50 in the US session, traded towards 111.80 early on Tuesday before losing back its gains to down under 111.60. Following a 0.2 percent gain on Monday, the Yen has further added 0.2 percent against the US Dollar early in today’s Asian session. It is a known fact that The yen tends to benefit during times of risk aversion due to Japan’s net creditor status and the expectation that Japanese investors would repatriate assets when facing a crisis.
AUDUSD is currently seen trading around 0.7940, the Aussie dollar had dropped to lows of 0.7923 early in the Asian session, but managed to recover its losses shortly climbing 25 odd pips. Meanwhile, the New Zealand dollar is seen trading at 0.8960 as the kiwi lost 0.3 percent against the US Dollar, this is in continuation to the 0.9 percent slide seen on Monday
EURUSD was seen trading higher early on Tuesday after tumbling on Monday following a severely diminished election victory for German Chancellor Angela Merkel. The Euro is currently priced at 1.1859 against the US Dollar gaining close to 0.1 percent. The dollar index, which tracks the dollar against a basket of currencies dropped 0.1 percent and is currently valued at 92.57
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