FX & CFD trading involves significant risk
00:00 Japan Bank holiday
The dollar was set for its biggest weekly advance in two months versus major peers before Dallas Federal Reserve President Richard Fisher speaks today amid prospects the central bank will pare stimulus. Fisher, who votes on policy this year, said this month that the Fed’s asset purchases are “distorting” financial markets. Fisher will speak about forward guidance in London today.
The greenback reached a two-week high against the euro yesterday, the day after Fed Chair Janet Yellen said borrowing costs could start rising “around six months” following an end to the U.S. central bank’s bond buying.
Australia’s dollar was set for a weekly advance after a gauge of economic surprises rose to a 10-month high. Citigroup Inc.’s Economic Surprise Index for the nation was at 50.10 yesterday after reaching 50.60 on March 13, the highest since May 23. A positive reading signals data releases exceed economist estimates.
Japan’s markets are shut today for a national holiday.
EUR / USD: during the Asian session, the pair traded in the range of $ 1.3775-90
GBP / USD: during the Asian session, the pair traded in the range of $ 1.6500-20
USD / JPY: on Asian session the pair traded in the range of Y102.30-40
UK borrowing data is set for release at 0930GMT in an otherwise data light calendar.
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