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Forex - Dollar holds gains in early Asia trade, U.S. Lew in region

Posted: 11/12/2013 6:15:00 PM
Referenced Stocks: - The dollar held onto overnight gains against the yen in early Asian trade Wednesday as U.S. Treasury Secretary Jack Lew arrived in the region for a series of leadership meetings in Singapore and Malaysia as well as Beijing later in the week.

USD/JPY reached 99.66, up 0.02%, in a range of 99.59 - 99.66,

AUD/USD weakened ahead of consumer sentiment data from Westpac-Melbourne Institute for November at 1030 local time (2330 GMT) that comes on the heels of disappointing October business confidence and conditions in a survey by National Australia Bank released Tuesday.

AUD/USD traded at 0.9300, down 0.02%.

The dollar enjoyed support overnight amid ongoing expectations for the Federal Reserve to begin scaling back its USD85 billion in monthly bond purchases either in December or in early 2014. offers an extensive set of professional tools for the financial markets.
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