Quick overview of Asian trade

  • EUR opened lower after Monti’s resignation and more dovish ECB comments:
  • Market again tried to trigger stops in EUR/USD below 1.2870 but ran into solid buying interest:
  • Pair has spent majority of Asian session between 1.2890/1.2910:
  • USD/JPY has traded a 20 pip range, 82.40/60, with EUR/JPY edging lower from the NY close near 106.65:
  • Chinese trade data was worse than expected with the surplus inĀ NovemberĀ falling to $20 billion from $32 billion last time:
  • AUD/USD dipped by 15 pips on this data but has otherwise been stagnant near 1.0475:
  • Sovereign sellers are reported in AUD/USD between 1.0510/20:
  • Regional stocks slightly higher, +0.2% on average.

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