Asia Stocks Await US Midterm Results as US Dollar Sits on Support

Asia Pacific Market Open – New Zealand Dollar, British Pound, US Dollar, US Midterms

  • The New Zealand Dollar soared on jobs report while British Pound rose on Brexit latest
  • Asia Pacific benchmark stock indexes await the results of the 2018 US midterm elections
  • As those cross the wires, the US Dollar is sitting right on support, may rise to resistance

Check out our 4Q forecasts for the US Dollar in the DailyFX Trading Guides page

The New Zealand Dollar soared against its major counterparts towards the final moments of Tuesday’s trading session. Kiwi Dollar was lifted by an impressive jobs reports, which along with a better-than-expected third quarter CPI report, may cause the RBNZ to shift its forward guidance towards favoring a rate hike instead of a balanced view. This could add momentum to NZD/USD’s near-term uptrend.

Meanwhile the British Pound edged cautiously higher against its major counterparts. Brexit Minister Dominic Raab gave a ‘thumbs up’ on his way out of a cabinet meeting. The anti-risk Japanese Yen underperformed as Wall Street finished the day mostly higher, the SP 500 rose about

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