The Asian-session daily update    

February 7, 2012 1:35 AM GMT

Starting with Australia, as the Australian dollar is currently declining against the U.S. dollar, before the issuance of RBA's rate decision, this will be today, at 3:30GMT.

The AUD / USD pair reached its highest level in today's trading session at the level of 1.0720 and reached its lowest level at 1.0714, and it's currently trading at 1.0717.

Moving to the NZD/USD pair, as the pair is currently rising against the U.S. dollar and trading around the level of 0.8340 $, after reaching its highest price at 0.8344 $ and lowest at 0.8338 $.

Finally, the USD/JPY pair is slightly changing as well and it's currently rising and trading at 76.59, after recorded its highest price at 76.50 and lowest at 76.79.

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EUR/USD Weekly Outlook

EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.

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