FXstreet.com (Barcelona) - Asian markets are mixed on Tuesday and investors are cautious ahead of the release of U.S. Government's stress test for the 19 largest financial firms. Euro and Pound have eased after yesterday's rallies.
Hong Kong's Hang Seng Index has been swinging between positive and negative figures, and China's Shangai Composite Index declined 0.7% while Australia S&P Index rose 0.6%. markets in Japan, South Korea and Thailand are closed for national holidays.
Wall Street rose strongly yesterday on favourable data from Construction spending and existing home sales, although optimism has been dampened somewhat ahead of the release of the banks stress test.
Euro and Pound ease
EUR/USD has dropped on Monday's Asian session from 1.3440 high to 1.3355 low. At the moment, the Euro trades at 1.3375; 0.30% below its opening level.
GBP/USD reached yesterday its highest level in two and a half weeks, at 1.5045, to ease during Asian session to 1.4980. At the moment, the Pound trades at 1.5010.
USD/JPY has been unable to break resistance level at 99.60 and the pair has dropped to a minimum level at 98.70 during Asian session,. At the moment, the Dollar trades at 98.80.
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