The Asian trading session today was unexpectedly optimistic, where most of the major Asian currencies were trading positivelyas Japan released a number of positive data today.
Japan's industrial production advanced more than expectations, indicating that the world's third-largest economy may return to growth this quarter.
The data supported the dollar instead of the Japanese yen, and further supported the gains for the pair on eased haven demand for the currency. The pair is trading around 80.41; it recorded its highest at 80.55 and lowest at 80.41.
Moving to the NZD/USD pair, which is slightly advancing, where the pair is currently trading around 0.8424 after it reached the high at 0.8425 and low at 0.8422.
Moving to the Australian dollar, it recorded a slight increase as aussie advanced versus the U.S. dollar; the pair reached its highest level in today's trading session at 1.0814 and reached its lowest level at 1.0812, while it is currently trading around 1.0814.
Heading to Europe, all eyes are on the ECB and the allotment of the three-year cheap loans. The amount and number of banks asking for money from the ECB will surely govern the sentiment especially as expectations are for demand to be in line with the previous auction where banks asked for 489 billion euros.