Asia-Pacific equity markets were slightly higher on Wednesday tracking fresh records in the wall street. However, investors were cautious and gains were being capped as a key meeting of China’s political elite kicked off with President Xi Jinping spoke at the opening of the Communist Party Congress
USDJPY was stable in the Asian session today within a 15 pip range, Currently the Yen is seen trading flat around 112.23 per dollar. In Japan, the Nikkei Stock Average NIKKEI was up 0.2% in early Asia trade. It was poised to close with its 12th straight session of gains, however the country’s exporters were slightly impacted as the U.S. dollar erased its overnight gains against the yen.
EURUSD ticked up a few points earlier today reaching highs of 1.1780. Currently the Euro is seen trading around 1.1768 against the US Dollar after falling 0.3 percent on Tuesday. The dollar index, which tracks the dollar against a basket of currencies was seen trading flat and is currently valued at 93.49
AUDUSD is currently seen trading a few points higher at 0.7850 as commodities in China traded a little stronger. Australia’s 10-year yield fell four basis points to 2.72 percent. On the other hand, with still no announcement on government formation the New Zealand dollar traded a few points lower around 0.7155 against the US Dollar.
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