Roundup: Lack of significant market data for the majors leads to subdued Asian session

FXstreet.com (London) - Markets yesterday had very little in terms of pop-tier data to give them direction. US jobless claims came in stronger than expected at 305k versus the 325k consensus, but given the jobless claims shambles of the last few weeks as two states failed to declare numbers due to ongoing computer upgrades, the figures should maybe taken with a pinch of salt.

The home sales report came in weaker than expected, down 1.6 percent rather than the 1 percent drop expected. Kansas Fed manufacturing expectation also undershot, at +2 instead of the +6 consensus.

The Euro again broke below the USD1.3500 level on renewed signs of Eurozone fragility. EBC figures showed a record fall in lending to private businesses in the Eurozone.

The Yen saw haven flows checked, climbing to JPY99.0400.

Despite some USD strength, INR climbed to INR61.7650 while IDR made some significant gains to IDR11,550.