Originally Posted by
Kaneez
Forex Today in Wednesday’s Asian trading session witnessed good two-way businesses while the US dollar extended its move lower amid growing concerns over the US economic outlook, in light of Friday’s downbeat US NFP report. The Aussie staged a comeback from three-week lows reached below the 0.72 handle on disappointing Chinese trade and inflation data released over the weekend. The Yen also recovered ground on risk-aversion and pushed USD/JPY back towards the five-week lows of 112.22. The spot quickly trimmed losses and reverted to 112.50 levels, despite the sell-off in the Asian equities and Treasury yields.