Forex news for Asia trading Friday 10 March 2017
- More from PBOC Governor Zhou - Policy is neutral, prudent
- Reuters on PBOC Deputy Governor Yi Gang comments
- PBOC governor Zhou Xiaochuan speaking, first question is on yuan stability
- More on Goldman Sachs raising China GDP forecast
- South Korean court unanimously uphold impeachment of President Park
- World’s leading gold mining companies expect India gold demand higher in 2017
- USD/JPY & EUR/JPY orders
- EUR/USD orderboard
- AUD and NZD orderboards
- PBOC sets USD/CNY central rate at 6.9123 (vs. yesterday at 6.9125)
- The 5 key threats to the Chinese yuan this year
- Australia data - Housing finance (January): Home loans +0.5% m/m (expected -1%)
- Greece’s main opposition party won't back PM Tsipras' new fiscal measures
- Yen crosses still ticking higher
- Barclays NFP preview, up 200K, all in the private sector
- Japan business conditions survey
- It's the Happy Friday! trade ideas thread
- British Airways Gatwick flight delayed due to inadequate stock of toilet rolls
- NFP is "the only real obstacle to tightening - wage growth is the key"
- 5 things to watch in the February NFP report
- WSJ: America Can’t Escape the Debt Vortex: Total obligations ... hit 370% of GDP
- China - PBOC Governor Zhou Xiaochuan to speak today (0245GMT)
- China press: Trust companies permitted to begin debt-to-equity swaps
- DBRS outlook: 'Cautious optimism' on US, China infrastructure spending, but ...
- Goldman Sachs preview of the February Nonfarm Payroll report
- New Zealand - Electronic card spending (February), Retail -0.6% m/m (expected -0.4%)
- NFP guesses from 8 banks
- ICYMI - China February lending growth slows a little
- Economic data due from Asia today
- ICYMI ... Forexlive Americas forex news wrap: ECB Draghi hints that thing are not that bad, and Stocks end the day near unchanged levels
A light session for news and data flow. We did get Australian housing finance data and Japan's MoF Business Outlook survey (see bullets above).
The survey data from Japan showed a net slide in business sentiment, which is a yen negative inasmuch as it argues for continued Bank of Japan policy accommodation. Whether this was a factor in the yen slide in early Tokyo i don't know, the move was pre the official release of the survey results, USD/JPY climbing above 115, dragging yen crosses higher alongside.
While the yen weakened, so too did gold, carrying on its overnight slide to under USD1200.
EUR, CHF, GBP all little changed on the session against the USD.
AUD and NZD both ticked a little higher against the USD. Ranges were small, though and both running into sellers ahead of US highs overnight.
Still to come: NFP day!
- Barclays NFP preview, up 200K, all in the private sector
- NFP is "the only real obstacle to tightening - wage growth is the key"
- 5 things to watch in the February NFP report
- Goldman Sachs preview of the February Nonfarm Payroll report
- NFP guesses from 8 banks
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