- Australian job vacancies fall by 3.3%
- South Korean unemployment rate steady near 3.1%
- Oil -0.4%; Gold +0.4% to $1638/oz
- Regional bourses mixed; Tokyo and HK +0.2%, Shanghai and Seoul -0.2%
- Mitt Romney wins New Hampshire primary
- Japan’s December FX reserves fall from record highs
- Geithner to meet with Japan and China; urges action on Iran and currencies
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
