Asia-Pacific equity markets opened mostly flat pausing near recent highs on Tuesday as concerns about North Korea re-emerged. commodities held onto most overnight gains made on the back of better-than-expected China producer prices. Australian bonds fell with Treasuries as speculation climbed that the next head of the Federal Reserve will be more hawkish.
USDJPY is currently seen Trading at 112.150 as the dollar bounced back against the Yen to highs of 112.30 from Monday’s low of 111.65. Japanese stocks were off to a good start, with the Nikkei Nikkei 225 rising as much as 0.7% earlier in the session. But it struggled to stay in positive territory as the yen pulled back from session lows.
EURUSD slipped down from yesterday’s lows and is currently seen trading close at 1.1778. Overall the Euro has lost around 0.1 percent against the US Dollar following it’s drop of 0.2 percent on Monday. The dollar index, which tracks the dollar against a basket of currencies gained close to 0.1 % and is currently valued at 93.37
The Australian dollar after dropping as low as 78.35 earlier in the session is currently sees trading around 78.46 against the US Dollar. Meanwhile the Kiwi had a active session rising as much as 0.5 percent to highs of 0.7203 against the US dollars after New Zealand’s inflation data topped estimates, however the kiwi has lost all of its gains and is currently seen trading at 0.7160
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