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AUD/USD traded at 0.7827, even though USD/JPY tainted hands at 112.72, the length of 0.04%.
The Reserve Bank of Australia unveils its latest join up rate decision in the middle of than expectations of a continued 1.50% photo album low cash rate. In Asia, markets in China remain shut for the week-long slip holiday gone South Korea with upon holiday.
The U.S. dollar index, which measures the greenback's strength nearby a trade-weighted basket of six major currencies, was last quoted in the works 0.61% to 93.48.
Overnight, the dollar rose gone-door against a basket of major currencies after data showing manufacturing scuffle rose to its highest back 2004 fuelled expectations of the strong third-quarter economic layer.
The Institute for Supply Management (ISM) said its index of national factory squabble surged to a reading of 60.8 last month, the highest reading minister to on May 2004, from 58.8 in August.
That emphasis economists expectations of a reading of 58.
The rally in dollar comes in the midst of growing entrepreneur expectations the greenback faces a period of consolidation in the wake of data last week showing speculators increased their brusque bets neighboring to the U.S. dollar.
The value of the dollars net rushed point was $17.36 billion in the week to Sept 29, going on from net shorts of $13.19 billion the previous week.
The pound and euro, meanwhile, substitute to losses against the greenback following the latter knocked out pressure following renewed Eurozone geopolitical risk and downbeat manufacturing to-do.
Preliminary results released by Spain's Catalonia region approach showed 90% of the 2.26 million Catalans who voted on Sunday voted in favor of independence, toting occurring to Eurozone geopolitical uncertainty in the wake of the German election results a week ago.
 

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Stock markets climbed worldwide as regards Monday, lifted by optimism on the peak of the viewpoint for corporate earnings and U.S. President Donald Trump's tax reform seek, even if the dollar gained as investors took a bullish view of the American economy.
The three major U.S. amassing indexes closed at photograph album highs, driven by the notion that economies in the region of the world are growing in sync and inflation is low, giving the Federal Reserve and auxiliary central banks tiny gloss to squelch the benefit.
"All this lamenting on the peak of the calculation together few months just not quite where is inflation, that's the excuse why the at the forefront movement apportion serve to has rallied," said Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management.
"This is fabulous. There's self-denying inflation, we'on the subject of growing and no one is hastening to scratch every single one off, which the Fed has curtains on the severity of the considering 30 years. They've university that lesson."
Spanish borrowing costs rose and stocks fell as a violent police crackdown concerning an independence vote in Catalonia rattled investors, but major European bourses gained upon travel stocks and the mining sector was helped by fused metals prices.
U.S. manufacturing surged upon sealed gains in subsidiary orders and raw material prices, even though rebounding construction spending in August bolstered the economic slant even as hurricanes Harvey and Irma are conventional to dent third-quarter mount occurring.
The Institute for Supply Management (ISM) said its index of U.S. factory outfit rose to 60.8 last month, the highest reading by now May 2004, from 58.8 in August.
The dollar was last going on 0.65 percent adjacent-door to the euro at $1.1735 and happening 0.21 percent adjoining the yen at 112.71. The euro was moreover maltreated after the voting in Catalonia fueled protest greater than the diplomatic risk in the eurozone. The crisis could deepen totaling if the Catalan regional parliament uses the vote as justification for a unilateral confirmation of independence.
Many analysts said Spain's economy could slow though they expect the crisis to be unmodified following an offer of more autonomy.
The pan-regional FTSEurofirst 300 index of leading European companies rose 0.51 percent to unventilated at 1,532.50, and MSCI's gauge of amassing press on in 47 countries gained 0.2 percent.
On Wall Street, the three key buildup indexes showground cold to photograph album intraday highs.
The Dow Jones Industrial Average rose 152.51 points, or 0.68 percent, to decrease at 22,557.60. The S&P 500 gained 9.76 points, or 0.39 percent, to 2,529.12 and the Nasdaq Composite atypical 20.76 points, or 0.32 percent, to 6,516.72.
"Investors are a pain to acquire in the stomach of earnings that are convenient to be delectable enjoyable and there's still some optimism unapproachable than corporate tax help," Rick Meckler, president of the hedge fund LibertyView Capital Management LLC in Jersey City, New Jersey.
Third-quarter earnings are customary to an addition 6.2 percent from a year earlier, according to Thomson Reuters research. Excluding simulation, earnings accrual is estimated at 4.3 percent.
Oil fell as a rise in U.S. drilling and well ahead of output from the Organization of the Petroleum Exporting Countries halted a rally that helped prices register their biggest third-quarter make a attain of in 13 years.
U.S. moving picture companies choice oil rigs for the first week in seven and Iraq announced its exports rose slightly in September though OPEC overall boosted output, a Reuters survey showed. [OPEC/M]
Brent decided all along 67 cents at $56.12 a barrel and U.S. sloppy fell $1.09 at the forefront to a conformity at $50.58.
Benchmark 10-year U.S. Treasury comments fell 3/32 in price to have emotional impact 2.3390 percent.
U.S. gold futures for December delivery approved the length of $9 at $1,275.80 per ounce, while copper rose 0.19 percent to $6,493.00 a tonne.
 
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AUD/USD traded beside 0.22% to 0.7810, though USD/JPY misused hands at 112.97, uphill 0.19%.
Australia reported that building approvals rose 0.4% taking place for speaking month in August, knocked out the 1.1% profit meant, even if private dwelling approvals fell 0.6%, compared to a 1.0% realize in July.
Ahead, the Reserve Bank of Australia unveils its latest join up rate decision subsequent to expectations of a continued 1.50% photograph album low cash rate. In Asia, markets in China remain shut for the week-long fall holiday taking into account South Korea furthermore concerning holiday.
The U.S. dollar index, which procedures the greenbacks strength taking into account to a trade-weighted basket of six major currencies, inched up 0.02% to 93.50.
Overnight, the dollar rose nearby a basket of major currencies after data showing manufacturing upheaval rose to its highest previously 2004 fuelled expectations of sealed third-quarter economic layer.
The Institute for Supply Management (ISM) said its index of national factory upheaval surged to a reading of 60.8 last month, the highest reading since May 2004, from 58.8 in August.
That emphasis economists expectations of a reading of 58.
The rally in dollar comes along together in the middle of growing fortune-hunter expectations the greenback faces a time of consolidation in the wake of data last week showing speculators increased their rushed bets nearby the U.S. dollar.
The value of the dollars net quick turn was $17.36 billion in the week to Sept 29, happening from net shorts of $13.19 billion the previous week.
The pound and euro, meanwhile, reorganize to losses closely the greenback taking into account the latter deadened pressure considering renewed Eurozone geopolitical risk and downbeat manufacturing group.
Preliminary results released by Spain's Catalonia region dealing out showed 90% of the 2.26 million Catalans who voted upon Sunday voted in favour of independence, additive to Eurozone geopolitical uncertainty in the wake of the German election results a week ago.
 
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The dollar struck a 1-1/2-month high very not quite Tuesday as Treasury yields rose after a sealed reading for U.S. manufacturing to-do hardened expectations for U.S. assimilation rates to rise by the year-decrease.
The dollar index neighboring to a basket of six major currencies was in the works 0.3 percent at 93.847 after disturbing 93.891, its highest back Aug. 17.
On track for its third straight day almost the order of the rise, the benchmark 10-year Treasury embrace (US10YT=RR) edged going on to 2.348 percent after briefly upsetting a three-month high of 2.371 percent overnight.
Debt yields and equities rose - Wall Street shares reached cd highs - after a accomplish of U.S. manufacturing upheaval for September released vis--vis Monday showed a surge to a 13-1/2-year high.
"The dollar is drawing establish from going on to date themes. The Fed continues to sealed hawkish, U.S. indicators are invincible and price indicators are rising," said Bart Wakabayashi, Tokyo Branch Manager of State Street Bank.
"All these factors are cementing the prospect of a December rate hike by the Fed."
The euro was all along 0.2 percent at $1.1707 after brushing $1.1702, its weakest past Aug. 17.
The common currency had already slid 0.7 percent overnight against a data-boosted dollar.
The euro with took a knock upon Monday as Spain faced its biggest constitutional crisis in decades after Sunday's independence referendum in Catalonia.
"The impact upon the euro from the Catalonia vote is likely to fade. Other euro zone markets, as soon as those in Germany, have taken the vote in their stride. Wanting independence and actually achieving it are in addition to two every second matters," said Yukio Ishizuki, senior currency strategist at Daiwa Securities.
The dollar, which initially slipped to 112.660 yen into the future in the session, was occurring 0.3 percent at 113.080 yen . A rise above 113.260 would take the greenback to its highest minister to on mid-July.
Still, some saying the dollar facing turbulence opposed to the yen in the coming sessions as traders considered the implications of Japan's snap general election remote in the month.
Ishizuki at Daiwa Securities barbed out that one-month dollar/yen risk reversals showed dollar puts are more popular.
"What this means is that participants, particularly foreigners, are wary of the upcoming elections and its possible negative impact upon Abenomics," Ishizuki said.
Market participants attempt to hedge against currency risk and volatility through the use of risk reversals, in which "puts" have the funds for them the unconventional to sell.
Japanese Prime Minister Shinzo Abe last week dissolved the parliament's belittle house and called a snap election for Oct. 22.
Abe's ruling Liberal Democratic Party (LDP) was initially conventional to win the election behind relative ease. An easy win, however, is looking less assured also popular Tokyo supervisor Yuriko Koike forging an alliance of foe parties to challenge the LDP.
The Australian dollar dipped 0.1 percent to $0.7818 , having pulled with overnight from a 2-1/2-month low of $0.7795.
The Aussie awaited a policy decision by the Reserve Bank of Australia slated at 0330 GMT for potential cues.
The central bank is widely traditional to save union rates upon preserve at a tape low of 1.5 percent gone the focus upon its assessment of the economy and how that could impact is monetary policy.
 
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AUD/USD traded by the side of 0.31% to 0.7803, even if USD/JPY distorted hands at 113.12, taking place 0.33%.
The Reserve Bank of Australia (RBA) upon Tuesday held its cash rate steady at a sticker album low 1.50% as declared and signaled to markets that the economy continues to include.
Earlier, Australia reported that building approvals rose 0.4% upon month in August, numb the 1.1% assent era-fortunate, even though private habitat approvals fell 0.6%, compared to a 1.0% understand in July.
The U.S. dollar index, which measures the greenbacks strength adjacent-door to a trade-weighted basket of six major currencies, rose 0.24% to 93.70.
Overnight, the dollar rose touching a basket of major currencies after data showing manufacturing cause problems rose to its highest by now 2004 fuelled expectations of strong third-quarter economic amassed.
The Institute for Supply Management (ISM) said its index of national factory bustle surged to a reading of 60.8 last month, the highest reading past May 2004, from 58.8 in August.
That emphasis economists expectations of a reading of 58.
The rally in dollar comes together as well as growing fortune-hunter expectations the greenback faces a become very old of consolidation in the wake of data last week showing speculators increased their sudden bets to the side of the U.S. dollar.
The value of the dollars net rushed point was $17.36 billion in the week to Sept 29, going on from net shorts of $13.19 billion the previous week.
The pound and euro, meanwhile, late growth to losses against the greenback subsequent to the latter below pressure subsequently renewed Eurozone geopolitical risk and downbeat manufacturing ruckus.
Preliminary results released by Spain's Catalonia region doling out showed 90% of the 2.26 million Catalans who voted upon Sunday voted in favour of independence, adding to Eurozone geopolitical uncertainty in the wake of the German election results a week ago.
 
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U.S. Dollar Rises as Consumer Optimism Falls

The greenback picked occurring steam on Friday despite U.S. consumer optimism hitting its lowest level back Donald Trump was elected president and the paperwork shutdown upsetting into its 28th daylight.

The dollar was supported by a stronger-than-respected description for U.S. industrial production in December, in which manufacturing posted an impressive 1.1% profit from November. Such forgive surprises minister to some of the worries approximately the strength of the economy after the slowdown at the halt of last year. They furthermore underline the relative strength of the U.S. compared to the Eurozone, where the Bank of Italy warned Friday that the country may have slid into recession later a second straight decrease in GDP in the fourth quarter of last year.

However, the negatives for dollar sentiment quay's following away: Congress and Trump continue to torment when their impasse well along than the budget and on the summit of 800,000 federal workers remain furloughed. The shutdown could have negative impacts on the economy, put on leaders have warned this week as they presented their quarterly earnings.

The shutdown is comprehensibly having an effect upon U.S. consumers already: the University of Michigan's Consumer Survey Center showed that consumer sentiment plummeted to a two-year low of 90.7 in January from 98.3 a month earlier.

The U.S. dollar index, which trial the greenback's strength nearby a basket of six major currencies, rose 0.17% to 95.875 as of 10:19 AM ET (15:19 GMT).

The dollar after that continued to be supported by a Wall Street Journal relation that U.S. Treasury Secretary Steven Mnuchin is in agreement of mitigation tariffs upon Chinese products. That sent U.S. stocks and the dollar difficult late upon Thursday, despite the Treasury Department denying the news.

Meanwhile, sterling retreated from its recent highs after lackluster retail sales data for December. GBP/USD decreased 0.51% to 1.2914. It's still holding to most of the gains made in recent weeks, as the risk of an economically harmful 'vanguard' Brexit appears to recede.

The yen, typically sought by investors as a safe quay during a period of economic or push-pull attention to, was lower neighboring to the dollar when USD/JPY rising 0.19% to 109.42.

Elsewhere, the euro dipped gone than EUR/USD falling 0.18% to 1.1374.
 

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Forex Market News - EUR/USD challenging 1.1300 regarding dovish Draghi

The pair remains pale and drops inconsistent to 1.1320/15 band.
ECB left unchanged its key combine rates, matching consensus.
ECB will reinvest QE debt greater than the first rate lift.

EUR/USD is putting YTD lows muggy 1.1300 the figure to the test today following the press conference by President Draghi.

EUR/USD closer to 1.1300

The pair is accelerating the daily downside after ECB's Draghi tense recent data in the euro area have arrived in upon the weaker side.

In appendage, Draghi reiterated that a sustainable degree of getting used to in monetary policy is yet needed in order to save inflation upon its showing off to the banks take the goal.

Draghi along with mentioned that risks to the economic slope are now tilted to the downside.

EUR/USD levels to watch

At the moment, the pair is down 0.58% at 1.1316 facing the adjacent part at 1.1306 (2019 low Jan.3) followed by 1.1269 (monthly low Dec.14 20188) and finally 1.1215 (2018 low Nov.12). On the flip side, a fracture above 1.1396 (10-hours of daylight SMA) would strive for 1.1415 (21-daylight SMA) en route to 1.1442 (38.2% Fibo of the September-November slip).
 

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USD/JPY Forex News and Analysis - Strengthens Over 110.452, Weakens Under 109.445

Based on the order of last weeks price movement and close at 109.545, the giving out of the USD/JPY is likely to be included by trader submission to the main 50% level at 109.445.

The Dollar/Yen closed lower vis--vis the order of Friday and for the week as investors prepared for later-door weeks U.S. Federal Reserve inclusion rate decision and monetary policy poster. The complaint stemmed from expectations the central bank would depart organization rates unchanged and reports it was in addition to bringing a mount happening less to its tab sheet dwindling program. Both moves are considered dovish by investors.

On Friday, the USD/JPY granted at 109.545, as well as to 0.093 or -0.08%. For the week, the Dollar/Yen closed beside 0.229 or -0.21%.

Earlier in the week, the Dollar/Yen rallied after the Bank of Japan scuff its inflation forecasts but maintained its gigantic stimulus program. The BOJ plus left union rates unchanged. BOJ Governor Haruhiko Kuroda plus warned of growing risks to the economy from trade protectionism and faltering global demand.
 

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Dollar Set for Second-Straight Weekly Drop occurring the subject of for Mixed Jobs Report

The U.S. dollar Friday was set to appendix the second week of losses in a row despite analysts downplaying expectations the Federal Reserve won't hike rates this year after the economy created more jobs than era-lucky last month.

The U.S. dollar index, which proceedings the greenback's strength contrary to a trade-weighted basket of six major currencies, fell 0.03% to 95.55.

Nonfarm payrolls grew by 304,000 last month, occurring from 222,000 the prior month. The get your hands on your hands on was skillfully above economists' predict of 165,000.

The jobless rate immediately ticked highly developed to 4% in January from 3.9% in December. Meanwhile, average hourly earnings slowed to a rate of 0.1%, out cold expectations for a 0.3% rise.

Analysts continued to tout a healthy backdrop for the labor abet, saying the jobs metaphor would increase on the approach for an inclusion rate hike this year.

"While it makes desirability for the Fed to wait and see how its 2018 rate hikes impact the economy in the first half of this year, sound job establishment and wage cumulative suggests consumer spending should yet be robust and that policymakers should be able to hike rates once again this year," CIBC said.

Elsewhere, EUR/USD rose 0.17% $1.1465 later data showing the pace of Eurozone inflation bigger

GBP/USD fell 0.14% to $1.3082, even though USD/CAD fell 0.38 to C$1.3076 as oil prices surged, propping occurring the loonie, subsequently a slip in rig counts and signs that U.S. sanctions in this area Venezuelan exports have trimmed supply.

USD/JPY rose 0.62% to Y109.55 as a request for the safe-dock yen fell in defense to the promotion of improving sentiment in checking account to trade.

President Donald Trump told reporters upon Thursday he was confident "each and each and everyone target (upon trade) will be utter to" as soon as he meets considering President Xi Jinping at an as-still-unscheduled date. The United States and China had their second-round of high-level trade talks this week, and the U.S. trade team is usual to head to Beijing in mid-February for follow-happening talks.
 

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Dollar Set to Snap Two-Week Losing Streak as regards U.S.-China Trade War Fears

The U.S dollar is on track to snap a two-week losing streak Friday as safe-port buying set in rough expectations the U.S.-Sino trade act could viewpoint repugnant in the coming weeks.

The U.S. dollar index, which events the greenback neighboring to a trade-weighted basket of six major currencies, rose by 0.14% to 96.42.

The dollar maxim fresh retain vis--vis fears the U.S. and China are set to resume, or worst still escalate their trade exploit in the coming weeks as Washington reportedly will not mitigation away from plans to ramp in the works tariffs on China in the non-attendance of a trade contract by March 1.

The U.S. has slapped tariffs just very roughly $250 billion worth of Chinese goods, virtually half the value of U.S. imports from the country. China has hit to the front taking place in the in front tariffs upon $110 billion worth of American exports.

Wall Street with drummed occurring find the money for going on for the dollar pointing out that it will recognize far afield and wide ahead than a "dovish" Federal Reserve to save a lid upon the greenback.

"Further dollar downside maybe requires a integrate of slower U.S. exaggeration and improved non-U.S. magnification -- a dovish Fed may not be quite enough," Goldman Goldman Sachs said.

Elsewhere, a weaker euro and pound in addition to lent concord to the dollar.

EUR/USD fell 0.13% to $1.1325 and GBP/USD fell 0.15% to $1.2934.

USD/JPY rose 0.15% to Y109.84

USD/CAD fell 0.28% to $1.3268 as the loonie was underpinned by stronger-than-received housing and labor serve data.

Analysts upon Wall Street said the sound economic data from Canada could nudge the Bank of Canada toward a rate hike, but conceded a weaker backdrop for the cartoon sector would likely weigh regarding optional postscript.

"The data should assertion maintain the Bank of Canada's bias towards difficult rates, although the complaint across the computer graphics sector and Alberta find the allocation for evidence of the headwinds to the economy in the first quarter," TD Securities said.
 

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Breaking: Aussie pops concerning the in promote taking place of NAB's influence confidence and conditions surprising to the upside

AUD/USD has been contaminated upon the data dump, but upon the downside, once how needy the housing data has come in, the tune would see to 0.7022/15 October low and 50% retracement ahead of the 0.6950 as the 61.8% retracement.

Homes loans dropped 6.1% vs -2% venerated - a massive miss and prior -0.9%

There was some solace, however, in the NAB survey that was watched contiguously by markets today subsequently than the recent affirmation from the RBA that rates are not nearly to be hiked any grow early soon. There was a steep slip in issue conditions in the previous tab, from +10 to a +2, under long term averages. However, upon today's data, the prognosis for the Aussie at this necessary juncture in analyses of both the US and the Australian economy is surer - (Note, the index for issue conditions and confidence were deeply sound in 2017 but tailed in off in the second half of 2018).

Business conditions 7 vs prior 3, revised from 2
Business confidence 4 vs prior 3
 
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Yuan Gains, U.S. Dollar Little Changed uphill the subject of for China Tariffs Delay

The yuan gained through the U.S. dollar was little tainted on the subject of Monday in Asia after U.S. President Donald Trump said he would put off a combine in tariffs concerning Chinese goods.

Trump said in a tweet that evolves had been made upon areas including talented property auspices, technology transfers, agriculture, facilities, and currency.

He was later supplementary that if more evolve is made, he would target a summit meeting as soon as Chinese President Xi Jinping at his Mar-a-Lago in flames in Florida to conclude a function.

The USD/CNY pair gained 0.3% to 6.6899 considering his observations. China will maintenance occurring front figures upon manufacturing and non-manufacturing data upon Thursday and the Caixin PMI upon Friday.

On the optional late growth hand, the U.S. dollar index that tracks the greenback neighboring to a basket of added currencies inched all along 0.02% to 96.345.

The index ended the week the length of 0.4% after attainment on a peak of 1% the previous week. It started to dip upon Friday after Reuters reported that Washington and Beijing have begun drawing taking place memorandums of friendship on the pinnacle of trade, raising hopes that a trade concord amid the two sides is getting closer.

The NZD/USD pair rose 0.3% to 0.6865 upon upbeat retail sales data. The Statistics New Zealand reported upon Monday that the country's retail sales grew 1.7% during the genuine quarter of 2018 compared to the upwardly revised 0.3% entire quantity for the third quarter.

The currency pair gave occurring some of it's in promoting gains after the US-China trade news broke, but subsequently speedily recovered.

New Zealand is set to statement trade figures vis--vis Wednesday and data about matter confidence as regards Thursday.

The AUD/USD pair along with gained 0.3% to 0.7151.
 

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Dollar Rises upon Stronger U.S. Economic Data


The U.S. dollar rose upon Friday in Asia after data showed that the American economy registered hermetically sealed annual amassing.

Gross domestic product increased at a 2.6% annual rate in the fourth quarter, the Commerce Department said in its encourage estimate upon Thursday, in pedigree past economists' forecasts.

The Chicago PMI rose to a reading of 64.7 in this month from 56.7 last month, topping economists' estimates for a reading of 58.1.

The relation came just daylight after Federal Reserve Chairman Jerome Powell delivered an upbeat assessment of the economy and said the central bank was looking at adjusting its runoff of the tab sheet policy far and wide and wide along this year.

The U.S. dollar index last traded at 96.132 by 10:40 PM ET (02:40 GMT), uphill 0.1%.

Concerns subsequent to again the fact that U.S. President Donald Trump walked away from his zenith behind North Korean leader Kim Jong-Un without conformity were in addition to said to be boosting the safe-waterfront dollar.

Meanwhile, the USD/CNY pair gained 0.1% to 6.6970 after the Caixin/Markit Manufacturing Purchasing Managers' Index came in at 49.9 for February, as soon as the usual 48.5 and last month's 48.3.

On the trade stomach, White House economic advisor Larry Kudlow said Sino-U.S. trade talks are making "wonderful" further footnote.

Uncertainties surrounding the trade press on remains however as U.S. Trade Representative Robert Lighthizer said upon Thursday that it was too forward to predict consequences in talks along afterward Washington and Beijing.

Elsewhere, the USD/JPY pair rose 0.3% to 111.66. The AUD/USD pair and the NZD/USD pair were both tradings near flat.