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ForexLive Asian market wrap: USD edges higher in quiet trade

By   || January 11, 2012 at 05:19 GMT
|| 1 comment || Add comment

The EUR had another quiet session ahead of a 5-year Bund auction later today and Lagarde’s meeting with French officials. EUR/USD opened near 1.2775 and overnight talk of very heavy sellingt above 1.2800 gave the pair a bearish tone to begin with. There was one sharp-ish sell-off towards 1.2730 but since then it’s been more quiet consolidation. Ranges: 1.2728/78

The AUD/USD was impacted by AUD/NZD selling after sell recommendations from investment houses overnight. The cross put in new short-term lows below 1.2950 before consolidating. AUD/USD opened above 1.0300 and has spent the majority of the session trading quietly near 1.0280. Ranges: 1.0267/1.0316

USD/JPY 76.78/93; EUR/JPY 97.90/98.24; cable 1.5445/89; EUR/CHF 1.2120/30

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One Response to “ForexLive Asian market wrap: USD edges higher in quiet trade”

  1. Adje on January 11th, 2012 05:33 GMT

    Thanks Sean!

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