Forex and Bitcoin news for Asia trading Thursday 12 July 2018
- Bank of Korea says they expect growth to slow
- PBOC cut to the onshore yuan price today the biggest since January of 2017
- North Korea's Kim visited a potato farm instead of meeting with US delegation
- Australia Consumer inflation expectations for July: 3.9% (prior 4.2%)
- Video: Bank of Canada hikes. What's next for the Canadian dollar
- ANZ on oil - prices to be volatile but within a range
- Walmart selling its Japanese supermarket chain (deal around 2.7 to 4.5bn USD)
- BOJ a long way from reducing its aggressive monetary easing says eco adviser
- Goldman Sachs cuts copper price forecast: 3 mth target 6500/ton (from 7300)
- Surprising responses from currency traders, but maybe they shouldn't be
- White House says officials have had high level talks with China - open to more
- Fitch says ongoing uncertainty regarding NAFTA raises trade risks for US states
- Trade ideas thread - Thursday 12 July 2018
USD/JPY was the notable mover today on a day of not much movement elsewhere.
Even the USD/JPY move was limited, though. From circar 1120.00 its up above 112.30 as I post. News and data flow for it was pretty much zero, the overnight surge we had trickled on higher a little more here in Asia ... continuation.
With other currencies fairly flat yen crosses are higher alongside the USD/JPY.
AUD/USD has ticked a few wee small points up but without making much of a dent in its big slide overnight.
EUR, CHF, NZD all flattish.
Cable looks heavy. It fell hard overnight and has barely bounced here today, on its lows now as I update.
Still to come:
- Heads up for FX option expiries Thursday 12 July 2018
- Friday will bring trade balance data from China - preview
- US inflation data due Thursday 12 July 2018 - preview
Trump visits the UK on Thursday:
