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Asian Session: Macro Themes Driving FX

06/15/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD JPY 0.06 GBP -0.99 EUR -1.05 CHF -1.21

The USD was firmer in the Asian session, as broader macro events have dampened risk appetite. The EURUSD was range bound between 1.4033 and 1.3920, while the USDJPY was in a range of 98.55 and 98.10. Over the weekend, in response to UN sanctions, N. Korea responded by saying that they will move towards enriching plutonium and uranium for military usage. The G8 finance ministers meeting wrapped up…

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