Equity markets across the Asia-Pacific region were down on Friday, with stocks in Japan reversing early gains after a report that North Korea could respond to fresh sanctions with a hydrogen bomb in the Pacific. While China-related stocks declined on a credit-rating downgrade. The yen and gold advanced.
USDJPY is currently seen trading around 111.79 as The Japanese yen gained over 0.7 percent against the US dollar, advancing the most in more than two weeks as the pair traded down to lows of 111.65 booking 50+ point loss on the session. Similar to the USDJPY, all Yen crosses were generally lower.
AUDUSD continued its down trend dropping down as low as 0.7910 and is currently seen trading at 0.7925 after recovering partially. The Australian dollar added to losses triggered by a tumble in iron ore prices and dovish language from the nation’s central bank governor. The Aussie lost 0.1 percent against the US Dollar earlier in the session, this is in continuation to the 1.3 percent drop seen on Thursday.
EUR/USD is currently seen trading steadily around 1.1958 as the Euro added 0.1 percent against the US Dollar. However, the Euro is still 0.8 percent lower for the week overall. The dollar index, which tracks the dollar against a basket of currencies is down 0.2 percent and is currently valued at 92.01.
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