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Sep 17, 2014
Asia Recap: Traders sidelined ahead of FOMC
FXStreet (Bali) - G10 currencies, without exception, traded in tight ranges ahead of the FOMC, which should produce significant volatility.
AUD/USD pullback from above 0.91 found buyers ahead of the 0.9050 area, with th rate heading into London at 0.9070. NZD/USD traded some 20 odd pips below 0.82 after gunning stops through the round number overnight. USD/JPY maintained the 107.00, last at 107.20. EURU/USD traded glued at 1.2950. GBP/USD exchanged hands at 1.6275.
On the fundamental front, Die Welt - via Bloomberg - reported that the ECB is considering buying ABS below its own credit rating limit. In New Zealand, the Q2 current account balance printed -1.065bn, below the expected -0.95bn. In Australia, the Westpac/Melbourne Institute (MI) Leading Index for August came at -0.1%, unchanged from last month.
AUD/USD pullback from above 0.91 found buyers ahead of the 0.9050 area, with th rate heading into London at 0.9070. NZD/USD traded some 20 odd pips below 0.82 after gunning stops through the round number overnight. USD/JPY maintained the 107.00, last at 107.20. EURU/USD traded glued at 1.2950. GBP/USD exchanged hands at 1.6275.
On the fundamental front, Die Welt - via Bloomberg - reported that the ECB is considering buying ABS below its own credit rating limit. In New Zealand, the Q2 current account balance printed -1.065bn, below the expected -0.95bn. In Australia, the Westpac/Melbourne Institute (MI) Leading Index for August came at -0.1%, unchanged from last month.