Asia pacific equity markets rallied on Wednesday beginning November on a strong note. Most Asian stocks were trading near all-time highs as investors digested regional earnings reports. Markets also digested the release of China's Caixin manufacturing Purchasing Managers' Index, which met expectations.
USDJPY continued to gain on Wednesday reaching highs of over 113.90, overall the Yen lost 0.2 percent against the USD, this is in continuation to the 0.4 percent drop on Tuesday. Currently USDJPY is seen trading around 113.85. Following a softer yen, The Nikkei Stock Average NIKKEI 225 jumped over 1.5%, reaching fresh 21-year highs, after it logged its best month in two years in October.
EURUSD had a rather quiet session early on Wednesday, currently the Euro is seen valued at 1.1630 against the US Dollar down from the session highs of around 1.1655. The dollar index, which tracks the dollar against a basket of currencies rose 0.1% and is currently valued at 94.69. The yield on 10-year Treasuries added one basis point to 2.39 percent.
NZDUSD jumped higher today lifted by news third-quarter unemployment fell to its lowest level since the global financial crisis. The kiwi rose 0.9 percent against the US Dollar and is currently seen trading above 0.6900. Meanwhile the AUDUSD traded in a small range but is slightly higher on the session currently seen trading around 0.7660 down from the session lows of 0.7648
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