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Dollar Continues To Rise

Published 21/04/2015, 10:41
AUD/USD
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DX
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US Dollar

The dollar index rose during the Asian session on Tuesday for the second day. American data will also be absent today from the economic calendar.

Euro

The Euro declined for the second day in a row against the US dollar, ahead of the release of the ZEW index, which measures the confidence of the European economy. The expected level is 63.7 in April, vs. 62.4 in March

The British pound

The Pound declined during the Tuesday Asian session, in a wave of losses for the second consecutive day against the US dollar, as the US currency continues to rise against all major currencies.

Australian dollar

The Aussie fell at $0.7725, toward the lower end of the $0.7707 to $0.7843 trading session seen yesterday. The move was attributed to China's rate stimulus and the news that China's Property developer, Kasia Group, had defaulted on its overseas debt. Broad-based US dollar strength was also seen following upbeat US corporate earnings results and RBA Stevens' speech, who mentioned that rates could be cut again if needed and the Aussie was very likely to fall further over time.

Japanese yen

The Yen fell during the Asian market on Tuesday against the US dollar within a wave of losses for the second day in a row, to reach its lowest level in a week at 119.53 yen per dollar.

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