Thursday, 02 April 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
AUD/JPY holds above Tuesday's low despite weak Aussie data
Wednesday, 26 February 2020 08:33 WIB | CURRENCIES |

The downside momentum in AUD/JPY looks to have stalled in Asia.

The pair is currently trading near 72.68, representing marginal losses on the day. While the pair is flashing red, it is still holding above the low of 72.52 registered on Tuesday.

Big miss on Aussie data

The data released at 00:30 GMT showed Australia's Construction Work Done (Q4) contracted 3% compared to expectations for a 1% drop and down from the previous quarter's 0.4% growth.

So far, however, the below-forecast construction data, which feeds into the gross domestic product, has failed to move the needle in the Aussie pairs.

The lackluster reaction could be due to the fact that the data is backward-looking. That said, the futures on the S&P 500 have shed moderate gains seen a few minutes ago.

So, the bid tone around the anti-risk Japanese currency may strengthen. Note that the US stocks suffered sharp losses for the second day on Tuesday. The Dow Jones Industrial Average fell by 879 points, having shed over 1,000 points on Monday.

Source: FXstreet

RELATED NEWS
Dollar Edges Lower; Petro Currencies Gain on Trump Comments...
Thursday, 2 April 2020 15:24 WIB

The dollar edged lower in European trading Thursday, with investors seemingly prepared to move out of the safe haven into riskier currencies ahead of key U.S. unemployment data. At 3 AM ET (0700 GMT)...

Dollar supported as investors seek safety in liquidity...
Thursday, 2 April 2020 08:21 WIB

The dollar held gains on Thursday as investors rushed to the security of the world's most liquid currency as the coronavirus pandemic caused massive disruptions to global trade. The dollar index agai...

Sterling Steadies as Dollar Surges on Global Recession Angst...
Wednesday, 1 April 2020 23:42 WIB

Sterling steadied against a buoyant dollar on Wednesday amid a wider selloff in global stock markets as data showed factory activity across the world contracting sharply due to the coronavirus pandemi...

Dollar in Demand as Economic Damage Worsens...
Wednesday, 1 April 2020 15:13 WIB

The dollar traded a little higher Wednesday, helped by its status as a safe haven currency as manufacturing data out of Asia pointed to a severe economic slowdown as the region tries to combat the cor...

AUD/USD keeps losses after big beat on China Caixin PMI...
Wednesday, 1 April 2020 09:33 WIB

AUD/USD is struggling to draw bids on the back of a better-than-expected China manufacturing data. The currency pair continues to trade in the red near 0.6120, having faced rejection at 0.6158 in earl...

LATEST NEWS
Oil Rallies 10% After Trump Says He Expects Saudi Arabia-Russia Feud To End Soon

Oil prices rallied on Thursday after President Donald Trump talked up the possibility of Saudi Arabia and Russia ending a squabble that contributed to crude™s massive plunge since last month. West Texas Intermediate futures surged by $2.11, or...

UN Chief: Coronavirus Is Biggest Global Crisis Since WWII

U.N. Secretary-General Antonio Guterres says the coronavirus pandemic is the most challenging global crisis since World War II. "It is a combination, on one hand, of a disease that represents a threat to everybody in the world and, second, because...

Stock Futures Point to Thursday Opening Bounce on Wall Street After Second Quarter's Rocky Start

U.S. stock futures rose in early morning trade on Thursday and pointed to gains at the day™s open, as markets try to rebound after kicking off the second quarter in the red. Dow futures rose 398 points, indicating a gain of about 331 points at...

POPULAR NEWS
Gold Futures Settle Lower for a Second Session
Tuesday, 31 March 2020 01:23 WIB

Gold futures fell Monday for a second session, pressured as U.S. benchmark stock indexes climbed and the dollar strengthened. "Gold has been the...

Gold Futures Fall Sharply for The Session, Climb for The Month
Wednesday, 1 April 2020 01:13 WIB

Gold futures fell sharply on Tuesday, but scored a gain for month against a backdrop of ongoing worries about the spread of the coronavirus and...

Gold Prices Down as Asian Markets Report Gains
Tuesday, 31 March 2020 09:41 WIB

Gold prices in Asia were down on Tuesday morning as stock markets gained. Prices of the yellow metal reached $1,645.3 overnight as investors...

Gold Attempts To Bounce Higher To Start April, Second Quarter Amid Coronavirus Spread
Wednesday, 1 April 2020 20:22 WIB

Gold futures were attempting to regain some traction higher on Wednesday to start the new month and quarter, amid expectations of increasingly poor...