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Session Recap: Aussie hammered; Japan showing signs of recovery

FXstreet.com (Barcelona) - Nasty day for commodity currencies “down under” such as the Aussie that has lost -0.81% in the current session alone, and about -2.77% for the week so far, last at fresh 11-month lows 0.9740. The NZD/USD posted a fresh 6-month low below the 0.81 handle, and USD/CAD a 1-month high at 1.0223. EUR/USD was more stable down 20 pips at 1.2860, while USD/JPY was mostly unchanged around the 102.25 level.

Local share markets show green lights all around, with Kospi up +0.82%, Nikkei index again above the 15k points mark up +0.50% for the day, and Australian ASX higher by +0.47%, while US futures did not move much. Gold fell to the $1380 mark, while Oil slipped below the $95 handle.

Japan posted the best Core machinery orders in over a year, up more than +14% m/m, way above the +3% market expected, showing some signs of economic recovery, and China Conference Board Leading Index rose a +1.5% in April, at the fastest pace for this year.

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