FXstreet.com (Barcelona) - Asian markets have declined on Friday on the back of mixed macroeconomic data in the U.S, which is arising concerns over the pace of recovery of the first economy in the world.
Japanese Nikkei Index declined 1.9%, whole Hong Kong's Hang Seng Index dropped 1.6% and Australia's S&P Index lost 2.2%. Chinese Shangai Composite Index rose 0.2% ifor its second consecutive day after Wednesday's sell off.
Equities rally seen during last months seems to have gine into standstill as global economy shows mixed signs, which are triggering concerns among investors,m that economic recovery in major economies is not going to be as smooth as initially thought.
Euro and Pound slightly weaker
EUR/USD edged up to intra-week high at 1.4275 on early Asian session although the pair dropped back later to 1.4205, the floor of the previous trading range, to bounce towards current levels, at 1.4230.
GBP/USD hit a fresh intra-week high on early U.S. session on Thursday at 1.6610 to drop afterwards falling below 1.6500 to hit 1.6418 low during Asian session. At the moment, the Pound trades at 1.6450.
USD/JPY has declined from Thursday's high at 95.55 ti hit a session low at 93.45 on the Asian timeframe, before bouncing to levels around 93.75 ahead of the European session opening.