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The Japanese Yen Traded Higher Against The Greenback

Published 04/08/2015, 05:12 AM
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US Dollar
The U.S. dollar is trading broadly lower against its major peers, despite yesterday's better-than-expected U.S. job openings, and due to a possible rate hike delay. Job openings climbed to 5.133 million in February from 4.965 million in January, the highest level since January 2001. January's figure was revised down from 4.998 million. Analysts had expected job openings to rise to 4.978 million. Today at 13:30 GMT, FOMC Member Dudley speaks and at 18:00 the FOMC minutes of the last policy meeting will be published.

Euro
The euro rose during Wednesday’s Asian session, as a correction, after two days of losses. The markets await the release of European economic data later today, including retail sales for the month of February, which is as an important indicator of consumer spending.

The British Pound
The Pound rose at the Asian market on Wednesday after two days of losses against the greenback the pound expected Halifax index to measure house prices during March expected 8.2 percent from 8.3 percent in February

Australian dollar
The Australian dollar continued to add gains against the U.S. dollar after the RBA left rates unchanged at 2.25% yesterday, but said that future rate cuts could be necessary and appropriate in order to keep growth and inflation consistent with the target.

Japanese Yen
The Japanese yen traded higher against the greenback in the Asian session. Bank of Japan left the key interest rate unchanged at 0.10% after an 8 to 1 vote and kept the bank's Monetary Base Target unchanged at 275 billion. One member voted for a lower target but was voted down. The current Eco Watchers Survey for March increased above estimates to 52.2, beating forecasts of an increase to 50.9 from a previous reading of 50.1. The Eco Watchers Outlook rose from 53.2. to 53.4. At 06:30 GMT the Bo J will hold a press conference.

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