Asian markets got off to a slow start on September ahead of the NFP. After gains on Wall Street to end August, moves were widely muted early on Friday. Equities fluctuated in Tokyo, Seoul and Sydney after the MSCI Asia Pacific Index completed its eighth straight month of gains and nudged closer to its highest in almost a decade.
USDJPY is currently seen trading around 110.03, The dollar's recent advance slowed as rate hike expectations were dented. Overall The yen fell less than 0.1 percent against the US dollar after rising 0.2 percent in the previous session. Data from Japan today was disappointing for capex, and the final reading for Nikkei manufacturing PMI slipped back from its preliminary reading.
EUR/USD is little changed on the session, with the EURO currently seen trading at 1.1895 against the US Dollar after falling to a one-week low of $1.1823 overnight. The dollar index against a basket of six major currencies is currently unchanged 92.69. The index has managed to bounce back yesterday without hitting it’s 2-1/2-year low of 91.621.
AUDUSD is currently seen trading at 0.7940, Price had managed to climb up to high of 0.7955 early on Friday from the initial lows of 0.7940 before falling back again and currently remains net unchanged for the session. NZD/USD is currently seen trading near it’s opening price at 0.7170 after falling from session highs of 0.7190. Most of the Currencies had similar small ranges, which is hardly surprising for the Asian day ahead of the US NFP.
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