A sea of green in the Asia-Pacific

FXstreet.com (Barcelona) - All local share markets in the Asia-Pacific are mostly in the green, with the Hong-Kong's Hang-Seng index and the Korean Kospi both up more than +0.8% leading the way higher after a slightly positive close in US equities with SP500 printing yet another all time record high.

The Nikkei index is last up +0.42% after a negative start, despite recent Yen strength, and Shanghai Index is also higher by +0.24% last. Australian ASX is also higher by +0.35%, all joining higher commodity prices and a new wave of less risk aversion.

NZD/USD prints fresh 3-week highs shy of 0.80

The NZD/USD foreign exchange rate is last quoted at 0.7993 asks, barely above previous multi-week highs from past Friday, and currently fresh session and weekly highs printed on the back of broad USD weakness and Kiwi strength.
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Flash: EUR/USD faces risk for extension into 1.20/1.18 - JPMorgan

The EUR/USD weekly chart displays a bearish formation, according to John Normand, Head, FX Strategy at J.P. Morgan, who sees the reversal from the June high consistent with a medium term bearish setup, with a break of the 1.28/1.2745 support area now needed to confirm 'the broad topping pattern.'
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