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Asian Session: USD Buying Continues

06/10/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD JPY -0.43 EUR -1.07 CHF -1.17 GBP -1.20

The Usd was stronger in the Asian session, as the mixed US data has given recovery bulls a moment of pause. The EurUsd traded down to 1.3890 from 1.4000, while the UsdJpy rose sharply to 98.80 from 98.20 (now trading above daily cloud covering). Commodity prices have also retreated, with copper and crude falling from yearly highs. And 2-year Treasury yields surged by 35bp to 1.29%, while 10-year…

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