US Dollar
The US dollar rose in the Asian market on Tuesday, for the seventh consecutive day, in attempt to reach the highest level in four weeks. Today, the biggest economy in the world awaits some important economic data for consumer spending, which accounts for about 70 percent of the value of GDP.
Euro
The euro declined against the US dollar during the Asian session on Tuesday, for the seventh consecutive day, in light of deepening differences of the monetary policies between Europe and the United States. The European economy awaits the release of the industrial production for the month of February.
British Pound
The pound traded flat against the US dollar awaiting an important data from the UK.
Australian dollar
The Australian traded lower against the U.S. dollar, after the weaker-than-expected Chinese data. China is Australia's biggest trade partner, due to Australia's raw material exports to the world's second largest economy. The Chinese Trade Balance declined in March as exports slumped. The Balance fell to a surplus of 3.1 billion from 60.6 billion last month. Analysts expected a reading of 43.4 billion. Data on the Chinese GDP is scheduled for Wednesday
Japanese Yen
The yen continued to rise for the third consecutive day against the US dollar yesterday. Mystery still surrounds the monetary policy of the Bank of Japan, which stressed during the last meeting that the economy is recovering moderately and near achieving the inflation target of 2 percent.