|02:10 EDT||FX Update: The USD gained versus the EUR |
FX Update: The USD gained versus the EUR but ebbed against the JPY, which firmed despite generally bullish stock markets in Asia. EUR-USD clocked a new low of 1.3520, drawing closer to the Jul-5 low at 1.3503. The Fed's Beige Book found that economic expansion has continued in all districts, noting some shortages of skill labour. USD-JPY, meanwhile, slipped back under 101.50 after edging low from the 101.70-80 area. There were no data or news catalysts. The euro was generally heavy, with EUR-JPY logging a fresh five-month low at 137.33, while EUR-GBP hit a new 20-month low at 0.7889. AUD-USD recovered to a two-day peak of 0.9382. The Aussie lifted on the coattails of firmer stocks in Australia and most of Asia today, with miner BHP Billiton a leader today as commodity prices rose, with gold and copper, amongst others, higher.