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FXstreet.com (Barcelona) - Asian session so far with Tokyo closed for holiday this Monday has been a quiet one, more USD positive though than negative over all. With the biggest sell-off in USD in quite some time falling last four weeks in a row touching 4-month and a half lows Friday around 78.60 area in the USD index, the currency has almost completed the 50% retrace of latest daily run up from 4-year lows May 2011 around 72.70, to 2-year and 2012 highs past July around the 84 round figure, which stands at 78.40.

EUR/USD is pretty much flat for current session at 1.3126, while AUD/USD is near session lows last at 1.0522, USD/JPY also near session lows at 78.22, and Cable flat as well around 1.6223. Local share markets are looking mixed but with a downside bias lead by US SP500 futures now at session lows, while Hang-Seng just turned negative, after a slightly positive open. Oil is about flat but near session highs, while gold is also above previous weekly close on Friday but showing some weakness near its 6 month highs last at $1773.

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