February 13, 2025 04:47 GMT
ASIA FX: USD Weakness Continues, Led By EU Currencies
ASIA FX
USD losses continue as we approach the London/EU cross over with APAC, EU related currencies still lead the way.
EUR/USD is above 1.0430, so through the 50-day EMA resistance point, albeit just. SEK is up over 0.60%, while NOK has gained close to 0.50%. AUD and NZD are also firmer but with a beta of around half of the EU currency moves.
Yen is a notable laggard, little changed versus the USD, last near 154.50. EURJPY is abvoe 161.00.
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