Asian session: The yen fell
00:30 Australia TD Securities Inflation (YoY) (Apr) 3.8%
00:30 Australia TD Securities Inflation (MoM) (Apr) 0.6%
01:30 Japan Labor Cash Earnings (YoY) (Mar) 0.3%
01:30 Australia House Price Index (QoQ) (Q1) 0.7%
01:30 Australia House Price Index (YoY) (Q1) -0.2%
The yen fell against most of its major counterparts and the dollar strengthened after President Barack Obama said al-Qaeda leader Osama bin Laden had been killed by the U.S. military in Pakistan.
Japan’s currency snapped two-day gains versus the euro and the dollar as Asian stocks rose after Obama delivered the news to America.
The New Zealand dollar dropped as Obama’s announcement pushed up Treasury yields, narrowing the rate advantage offered in the South Pacific nation.
Australia’s dollar declined as the nation’s central bank is forecast to keep its benchmark interest rate at 4.75 percent tomorrow, according to economists.
EUR/USD: the pair decreased in around $1,4800.
GBP/USD: the pair decreased below a mark $1,6800.
USD/JPY: the pair become stronger in around Y81,50.