Calm trading during the Asian session

28 July 2010 @ 02:44 am EDT

Majors moved in tight ranges against the dollar with some upside bias during the Asian session, where the dollar index traded between the lowest of 82.11 and the highest of 82.28. The index now trades around 82.13. The US will release today the durable goods orders for June in addition to the EIA crude oil report and the Fed's Beige book. Meanwhile the ECB will publish its lending survey, and central bank of Australia will release its interest rate decision expected to rise to 3.00% from 2.75%. However, Germany will release today its consumer price index for June.

For more forex information, go to www.ecpulse.com

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