Major currencies witnessed hesitant moves during today’s Asian session amid investors’ worries over markets especially before the Fed’s FOMC decision, as well as a scheduled debt sale in Spain.
Markets expect the Feds to provide more stimuli in order to support the waning recovery, while on other side Spain is still in a critical period amid the surging bonds yields ahead of the auction that may lead investors to trend towards the dollar as a safe haven currency.
Euro slightly declined today against the dollar with the beginning of today’s session to record low of 1.2660 after opening at 1.2684, where the pair recorded high of 1.2690. USD/JPY pair traded today near 78.90, recording the highest at 79.12 and lowest at 78.77. AUD/USD pair inclined to be trade near the highest in a month, where the pair recorded high of 1.0194 and low of 1.0164. NZD/USD pair fell today after reporting a widened current account deficit during the first quarter of the year.
The NZD/USD pair fell to record a low of 0.7942 after recording a high of 0.7982, the pair started the session at 0.7978 to trade now at 0.7954.
