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9 Sep 2014
Fresh bout of USD demand in Asia
FXStreet (Bali) - The US Dollar is rising yet again during Asian hours, with the USD/JPY initiating a break higher, resulting on broad-based USD strength.
USD/JPY has posted a new high at 106.28, AUD/USD is absorbing bids to now enter key area of demand at 0.9240-60, while the NZD/USD has printed a new marginal low at 0.8255. EUR/USD made new lows at 1.2876, with GBP/USD testing 1.6080 bids.
Buying USD dips remains the name of the game. The problem so far with those looking to reinstate USD longs is that there are little pullbacks available to join the USD bandwagon, with vertical falls still dominant in most pairs.
USD/JPY has posted a new high at 106.28, AUD/USD is absorbing bids to now enter key area of demand at 0.9240-60, while the NZD/USD has printed a new marginal low at 0.8255. EUR/USD made new lows at 1.2876, with GBP/USD testing 1.6080 bids.
Buying USD dips remains the name of the game. The problem so far with those looking to reinstate USD longs is that there are little pullbacks available to join the USD bandwagon, with vertical falls still dominant in most pairs.