Asia-Pacific equity markets advanced to decade highs on Monday. Last week’s inflation data in the U.S. added to evidence that global growth is continuing steadily with limited price pressures in the American economy. Japan’s benchmark index was leading gains thanks to a weaker yen, as global risk appetite continued to improve.
USDJPY after a slightly lower open in very early NZ/Australia recovered partially and is currently seen trading higher at 111.95. Noticeably, The Yen had climbed 0.4 percent against the US Dollar on Friday. The Nikkei Stock Average NIKKEI 225 was up 0.8% earlier today on track to close at another 21-year high as the weaker Yen lifted export and finance stocks.
EURUSD is little changed with no major movements and is currently seen trading at 1.1804. Overall the Euro slipped 0.2 percent against the US Dollar mainly because of lingering concerns about the Eurozone after a conservative Austrian leader secured a victory in parliamentary elections at the weekend. The dollar index, which tracks the dollar against a basket of currencies was flat and is currently valued at 93.15
AUDUSD was mostly consolidating within a 20 pips range in the session maintaining a little lower than its late Friday level and is currently seen Trading at 0.7871. No major movements in the Kiwi Too as the NZ government formation negotiation and jostling continues, The NZDUSD is currently seen trading at 0.7173 down from Friday’s highs of 0.7196.
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