Recap of Asian trade on 21.11.2018: USDX, USD/JPY, AUD/USD

The US dollar is trading firmly, extending overnight gains. Investors express growing fears about a slowdown in the global economic growth and a worsening trade battle between the US and China.
So, risk averse investors boosted demand for the US dollar. Its index was trading higher on Wall Street, heading for 96.80. Later, the US dollar index made a minor downward correction. Nevertheless, analysts expect the index to go deeper to 96.60 and halt its further decline.
In the Asian trade, the US currency asserted its strength against the Japanese yen. The safe haven yen lost favor with investors. As a result, the dollar/yen pair settled up at near 113.00.
The Australian dollar, a barometer of risk appetite, is losing ground as global risk sentiment worsened. The AUD/USD pair sank to 0.7220 in the late Asian-Pacific trade and instantly corrected upwards to 0.7240.
Experts say that the aussie’s growth is likely to be short-lived. In the second half of the global trading day, the US is due to release a series of economic data such as durable goods orders, consumer confidence index, and existing home sales.

https://www.instaforex.com

FX Analytics - https://www.instaforex.com/forex_analytics
Forex Calendar - https://www.instaforex.com/forex_calendar
Forex TV from InstaForex - https://www.instaforex.com/instaforex_tv

Forex charts - https://www.instaforex.com/charts
Instant account opening - https://www.instaforex.com/fast_open_live_account
Forex Trading Contests - https://www.instaforex.com/forex_contests

List of official InstaForex blogs:
https://www.facebook.com/instaforex
https://www.instagram.com/instaforex/
https://twitter.com/InstaForex

#forex_news # asian_session #instaforex_tv