FXstreet.com (Barcelona) - Asian markets appreciated on Wednesday on the back of the second consecutive increase on U.S. housing prices and consumer confidence. The Euro has remained rangebound, while the Pound declined further.
Japanese Nikkei Index has risen 1.5%, as a government report showed that exports fell less than expected in July, while Chinese Shangai composite Index rose 2.3%. Taiwan Taiex Index posted the area's largest drop, 1.3% down.
Asian markets, have followed advances in Wall Street, as investors' optimism was buoyed by U.S. housing prices, which rose for the second consecutive month in June, and consumer confidence rose above expectations in August.
Euro rangebound, Pound, lower
EUR/USD remains trading in a range from week high at 1.4360 to week low at 1.4250. At the moment of writing, the Euro trades at 1.4310 after having tested 1.4365 on Tuesday's U.S. session.
GBP/USD decline from last Friday's high at 1.6625 has dropped from Tuesday's high at 1.6445 to 1.6305 Asian session low, to bounce to levels at 1.6350 at the time of writing.
USD/JPY rose to 94.65 high on Tuesday's U.S. session, and the pair declined during Asian session to 93.85 low to bounce up above 94.00 reaching 94.25 at the moment of writing