Asian foreign exchange market conditions Courier

New Zealand yuan against the U.S. dollar, by the New Zealand central bank yesterday cut interest rates 0.25 percent the impact of today's preliminary performance continued a downward trend, dropping the current 10 days, 20 days and 50-day moving average prices are 0.7582,0.7579 and 0.7637,9 days to RSI 14 levels.

The Australian dollar, the Australian dollar by the market that interest rates may have peaked factors, the initial performance of today continue to walk the soft, the current 10 days, 20 days and 50-day moving average prices are 0.9691,0.9641 and 0.9577,9 day RSI To the level of 28.

Japan, Japan announced this morning the official data show that local June core consumer price index rose to 1.9 percent annual rate, the data results in line with market expectations, the Japanese inflation recorded a significant increase, is the main cause of oil and other commodity prices rose by To, at the same time since January 1998 has been Japan's largest annual rate of inflation increases, but the market think that this data is unlikely to change the Bank of Japan will temporarily maintain the policy interest rate unchanged, at this stage due to the Bank of Japan still weighing inflation and economic growth The risk of slowing down, Japan's economy is still dependent on foreign economies, therefore it is very difficult because the Bank of Japan short-term annual rate of inflation rose to about two percent interest rate increase will be soon.

Against the Japanese yen, as yesterday marked decline after the initial performance continued to fall today, the current 10 days, 20 days and 50-day moving average prices are 106.53,106.57 and 106.22,9 to 48 days RSI level.

The euro against the dollar, the initial performance of this narrow range of loading, the current 10 days, 20 days and 50-day moving average prices are 1.5810,1.5789 and 1.5671,9 rose to 34-day RSI level hovering.

British pound against the dollar, after a sharp fall yesterday, today's preliminary performance continued softening, the current 10 days, 20 days and 50-day moving average prices are 1.9961,1.9901 and 1.9773,9 to 38-day RSI level.

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