 The forex markets are rather steady in Asian session today. Dollar is paring some gains and trades slightly lower. But it remains the strongest one for the week together with Canadian Dollar. New Zealand Dollar, however, trades broadly lower as markets expect that RBNZ could be slightly dovish in the upcoming rate decision. Taking about central banks, RBA left cash rate unchanged at 1.50% as widely expected. The announcement is shrugged off by the Australian Dollar as it provides nothing new. In other markets, US equities ended higher overnight with DOW up 0.16% to 25502.18, S&P 500 up 0.35% to 2850.40. NASDAQ's rebound was very impressive as it gained 0.61% to 7859.68. Despite the sharp pull back in late July, NASDAQ is now heading back to 7933.31 record high. US treasury yields extended decline with 10 year yield closed down -0.015 at 2.938. |
