Asia-Pacific equity markets rebounded after selling off a day earlier following North Korea’s latest missile launch. The Global investors returned to investing in risk assets as fear of further escalation receded after President Donald Trump’s measured response.
USDJPY is currently seen trading around 109.90 as the dollar rose 0.1 percent against the Yen today, making the overall rise to 0.5 percent against the Yen. The pair after having spent the early hours of Wednesday under 109.60 from its late US high, started its steady march back up again as Tokyo got active.
EURUSD continued to be steady albeit not much changed in the Asian session on Wednesday. The Euro is currently trading around 1.1980 against the US Dollar after reaching highs of over 1.2060 after almost 3 years. The dollar index. DXY, which tracks the greenback against a basket of six major peers, edged up 0.1 percent to 92.317.
AUDUSD jumped 0.5 percent to 0.7996 early on Wednesday with building approvals numbers coming in better than expected and most importantly the Q2 construction work data showing a huge improvement to 9.3 % on the quarter, quite the surge from the expected 0.9 %. On the other hand, Reserve Bank of New Zealand Governor Wheeler’s speech made the NZD drop from above 0.7260 to around 0.7230 very quickly and then bouncing back to around 0.7260 where the kiwi is currently seen trading
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