Log in to your IBTimes Account

close
ID
Password
  • Set your IBTimes.com Edition

The Asian session daily update



01 February 2012 @ 09:05 pm EDT

The U.S. dollar returned to decline against the major currencies with the return of the investors, and the Japanese yen moved the same as the U.S. dollar, as the two currencies are low yielding currencies, where the investors abandoned them with the return of risk to the market.

As, the Australian dollar recorded a significant increase against the U.S. dollar, directly after the issuance of the trade balance data, where the trade balance recorded an unexpected widening in surplus that exceeded December's expectations.

The AUD / USD pair reached its highest level in three months at the level of 1.0734 after opening today's session at 1.0714 and reached its lowest level at 1.0704.

Moving to the New Zealand dollar, as the NZD / USD pair slightly rose at the beginning of the Asian trading session, where it reached its highest at 0.8339 and lowest at 0.8330.

As for the JPY/ USD pair, it fell for the sixth day in a row to its lowest level, where it reached the level of 76.10 directly after the opening of the trading session, and it currently trading at 76.18.

For more forex information, go to www.ecpulse.com

    Click!
  • Rate this article:

Comments

Post Your Comment

*Name

  • International Business Times Secutiry Check

advertisement
advertisement
 
IBTimes.com Web
Partners
International Business Times© Copyright 2012 International Business Times. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives