The Japanese currency rose across the board on the day that the central bank of China announced an increase of 0.50% on reserves requirement for commercial banks. The Yen rose across the board and reach a 3-week high against the Dollar after USD/JPY tumbled to 90.70.
Currencies tied to commodities were affected by the decline in stocks and materials. CAD, NZD and AUD fell against the Dollar. The worst performer was the Australian Dollar that was also affected by a big decline in gold prices.
The Pound posted moderate gains against the Dollar and the Euro. GBP/USD failed to break above 1.6200 but the pair had the highest daily close since December 18.
AUD/USD (Jan 13 at 05:09 GMT)
0.9231/33 (0.35%)
H 0.9239 L 0.9185
| S3 | S2 | S1 | R1 | R2 | R3 |
| 0.9181 | 0.9204 | 0.9227 | 0.9236 | 0.9259 | 0.9282 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Jan 13 at 04:53 (15-minute timeframe) | |
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