Investing.com - The Japanese yen strengthened in midday trade on Monday, backtracking from a weaker trend at the start of an Asian day light with economic data and market-moving news items.
USD/JPY traded at 100.17, down 0.01%, in a range of 100.13 - 100.39 with the Nikkei ending morning trade up 0.42%.
AUD/USD strengthened to 0.9390, up 0.20%, in a range of 0.9359 - 0.9398 ahead of Reserve Bank of Australia board meeting minutes for November due Tuesday at 1130 local time (0030 GMT) expected to shed light on the possible room for a further cut in the cash rate from a record low 2.5%.
The dollar slid to a one-week low against the euro on Friday and edged lower against the yen following the release of unexpectedly weak U.S. manufacturing data, one day after Federal Reserve chairwoman nominee Janet Yellen defended the bank’s stimulus program.
EUR/USD traded at 1.3493, down 0.03%, on Monday in Asia.
In the week ahead, investors will be closely watching Wednesday’s minutes of the Fed’s most recent policy setting meeting. The U.S. is also to release data on retail sales and consumer prices.
The euro zone is to release data on manufacturing and services sector activity and the ZEW Institute is to release its report on German economic sentiment. Meanwhile, China is to produce preliminary data on manufacturing activity.
The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, traded at 80.86, down 0.02%, after showing slight strength early in the Asian day.
USD/JPY traded at 100.17, down 0.01%, in a range of 100.13 - 100.39 with the Nikkei ending morning trade up 0.42%.
AUD/USD strengthened to 0.9390, up 0.20%, in a range of 0.9359 - 0.9398 ahead of Reserve Bank of Australia board meeting minutes for November due Tuesday at 1130 local time (0030 GMT) expected to shed light on the possible room for a further cut in the cash rate from a record low 2.5%.
The dollar slid to a one-week low against the euro on Friday and edged lower against the yen following the release of unexpectedly weak U.S. manufacturing data, one day after Federal Reserve chairwoman nominee Janet Yellen defended the bank’s stimulus program.
EUR/USD traded at 1.3493, down 0.03%, on Monday in Asia.
In the week ahead, investors will be closely watching Wednesday’s minutes of the Fed’s most recent policy setting meeting. The U.S. is also to release data on retail sales and consumer prices.
The euro zone is to release data on manufacturing and services sector activity and the ZEW Institute is to release its report on German economic sentiment. Meanwhile, China is to produce preliminary data on manufacturing activity.
The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, traded at 80.86, down 0.02%, after showing slight strength early in the Asian day.