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8 Jan 2015
Asia Recap: Aussie finds buyers on upbeat housing data
FXStreet (Bali) - The Australia Dollar was the top performer in Asian, with the Yen ending as the main laggard.
AUD/USD surged through 0.81, extending its Wed's post FOMC minutes-induced bounce, following upbeat Australian building permits, which came well above expectations, with the monthly read for November at +10.1% vs -3.5% exp and 11.5% last - revised higher -, with the yearly read at 7.5% vs 2.5% last. NZD/USD, as usual, played catch up with the Aussie, soaring towards 0.78 as traders pile into the high-yielding NZD.
USD/JPY was also a decent mover in Asia, recording gains above key resistance 119.55/60, printing the highest for the session at 119.81, with some light stops being taken out. The Nikkei 225, up over 1.7% heading into the close, acted as a supportive driver for Yen sellers. EUR/USD continues to trade weak, around 1.1820/30 session lows, while GBP/USD lost the 1.51 handle ahead of BoE monetary policy meeting.
AUD/USD surged through 0.81, extending its Wed's post FOMC minutes-induced bounce, following upbeat Australian building permits, which came well above expectations, with the monthly read for November at +10.1% vs -3.5% exp and 11.5% last - revised higher -, with the yearly read at 7.5% vs 2.5% last. NZD/USD, as usual, played catch up with the Aussie, soaring towards 0.78 as traders pile into the high-yielding NZD.
USD/JPY was also a decent mover in Asia, recording gains above key resistance 119.55/60, printing the highest for the session at 119.81, with some light stops being taken out. The Nikkei 225, up over 1.7% heading into the close, acted as a supportive driver for Yen sellers. EUR/USD continues to trade weak, around 1.1820/30 session lows, while GBP/USD lost the 1.51 handle ahead of BoE monetary policy meeting.