Risk-on back in the Asia-Pacific

FXstreet.com (Barcelona) - Following a close in NY around the +1% increase for US equity markets, green is the dominant color in the Asia-Pacific, with Korean Kospi leading the way higher rallying some +2.90% for the day so far.

Along with Gold and Oil taking fresh session highs, the Nikkei index is last up +1.99%, Australian ASX index +1.37%, Hong-Kong's Hang-Seng index +1.62%, and Shanghai Composite index +1.08%.

Jun 27, 2013

NZD/USD reverses to the upside above 0.78

The Kiwi dollar is pumping to the upside last at fresh session highs 0.7821 following a disappointing NZ trade balance, that showed a much lower figure that expected, with both imports and exports below consensus.

Session Recap: Commodity currencies reverse; Euro higher on banking pre-deal

The USD has stalled against major rivals with EUR/USD posting fresh session highs at 1.3035 on the back of a pre-deal reached in Brussels about banking resolution rules, while AUD/USD and NZD/USD also posted fresh session highs following better news coming out of China and NZ despite disappointing trade balance figures in the latter.