FXstreet.com (Barcelona) - Most Asian markets are going through gains on Wednesday, driven by technological firms on the back of Elpida Memory Inc's plan to raise prices of its memory-chips. Euro and Pound remained trading sideways.
Tokyo's Nikkei Index has edged up 0.5%, while South Korean Kospi Index rose 1.4%, while Hong Kong's Hang Seng Index edged down 0.1%. Markets in Australia, Singapore and New Zealand have posted losses.
In the macroeconomic area, Australian CPI grew at a 2.5% year on year pace in the first three months of the year, somewhat below the 2.8% expected, and latter today the Bank of England will release the minutes of its last monetary policy meeting.
Also in the UK, unemployment figures will be released, jobless claims are expected to have grown by 117,000, and the ILO unemployment level is expected to have edged up to 6.7% in the three months to February, from 6.5% in January.
Euro and Pound in Range
EUR/USD prices remained moving in a tight range from a support level at 1.2910/20 to a maximum level at 1.2990/1.3000. At the moment the Euro moves at 1.2930; 0.15% above its opening price.
GBP/USD has remained moving between a floor at 1.4610 and a top level at 1.4700, after having bounced yesterday from 1.4465.
USD/JPY is also moving in a range from a support level around 98.00/10 to a top level at 98.90.
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