Asian Equity markets opened on a mixed note early on Thursday. Global Investors rediscovered a taste for the dollar and Asian shares as robust Chinese and U.S. economic data overnight increased appetite for riskier assets globally, even as tensions over North Korea simmered in the background.
USDJPY is currently seen trading around 110.50 as the yen continued to fall for a third straight day losing 0.2 percent against the USD in the session. The data from Japan today was on the disappointing side too as Factory output for July missing estimates ( -0.8 % vs -0.4 % expected)
AUDUSD was pretty much unchanged on the session, the Australian dollar was down less than 0.1 percent to 79.01 against the US Dollar after declining for two days. In comparison, NZDUSD is seen trading below 0.7170 as the kiwi dropped 40 points or so against the US Dollar, mainly due to getting a kick down from the AUD/NZD buyers.
EURUSD is currently seen trading at around 1.1875 as the Euro lost around 0.7 percent against the US Dollar dropping from its top of 1.2069, weighed in part by speculation the European Central Bank might start to protest at the currency's strength. The dollar index. DXY, which tracks the greenback against a basket of six major peers, edged up 0.1 percent to 93.02
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