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Asian Session: Slow Start to the Trading Week

06/22/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD JPY 0.21 GBP -0.31 CHF -0.63 EUR -0.68

The USD was stronger in the Asian session, as risk barometers, such as AUD, point to a decline in FX risk appetite. The EURUSD traded down to 1.3660 from 1.3960, while the USDJPY, in choppy trading, traded between 96.30 and 95.80. Commodity prices were also softer, with crude wti trading below the $70.00bll level. Markets have been debating whether the momentum of Chinese commodity stockpiles has…

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