US Dollar
The U.S. dollar is trading mixed against its major peers after yesterday's ISM-Non Manufacturing slightly lower than expected figures. New York Fed President William Dudley said in a more or less dovish speech that temporary factors will have to be considered in order to determine the timing of a rate hike as the future developments of the economy cannot be anticipated.
Euro
The euro traded almost flat against the greenback in the absence of the important data from Europe in the early session.
British Pound
The pound booked gains against the U.S. dollar during the Asian trading session.
Australian dollar
The Australian dollar rose against the U.S. dollar, as the RBA left rates unchanged at 2.25% but stated that future rate cuts could be necessary and appropriate in order to keep growth and inflation consistent with the target, and that the bank will assess the case for such action in the meetings to come. The AIG Services Index for March declined from 51.7 to 50.2. Australia's Retail Sales rose above forecast +0.7% from a previous reading of 0.5% revised up from +0.4%). Analysts expected a lower growth at +0.4%. Year on year Retail Sales rose +0.7 in March compared to +0.5% a year ago (revised from 3.1%). ANZ Job Advertisements for March declined -1.4%. Last month's reading of +0.9% was revised down to +0.7%.
Japanese Yen
The Japanese yen traded slightly higher against the greenback during the Asian session in the absence of major economic news.