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Asian Session: RBA Governor Stevens Helps AUD

07/28/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD EUR 0.48 CHF 0.46 GBP 0.33 JPY 0.25

The positive sentiment and the natural carry over into risk correlated trades continued in Asian session. Yesterday’s strong US new homes sales and today’s news that European bank earnings surprised to the upside, punctuated by Deutsche Bank, which came out with a profit increase of 68%, all added to the furor that risk appetite is still well entrenched. In addition, RBA Governor Stevens stated…

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