Forex news for Asia trading Tuesday 17 October 2017
- Westpac on RBA minutes: "Will see no need to raise rates in 2018"
- UK press on North Korean UN diplomat warns 'nuclear war may break out any moment'
- RBNZ's own inflation model comes in at 1.4% y/y (lower than the official CPI)
- S&P says China is running unconventional monetary policy
- China Q3 GDP growth to slow - Preview
- Australian Prime Minister Turnbull announces National Energy Guarantee
- PBOC sets USD/CNY reference rate for today at 6.5883 (vs. yesterday at 6.5839)
- FX option expiries - Tuesday 17 October 2017
- RBA's Ellis: Seeing spillover effect from public spending on infrastructure
- Bank of America / Merrill Lynch: ECB - less for longer and low for long
- Reserve Bank of Australia October minutes - comments on AUD and more
- HSBC say ECB to slow purchases to EUR40bn/month for an additional 6months
- CA says positive UK data surprises coming this week should support GBP this week
- Brexit transition deal likely to be too late for some banks, says TheCityUK
- Report says No Brexit deal would raise UK household bills by 260 pounds a year
- China state economist says PBOC should tighten monetary policy
- Japan - Reuters Tankan report shows Manufacturers index 31 in October (prior 25)
- Canada - Bombardier to partner with Airbus
- Australia - weekly consumer sentiment 112.4 (prior 113.8)
- New Zealand inflation data - analyst responses
- Japan's Dep. PM Aso says agrees with US to cooperate closely on North Korea sanctions
- CB EUR/USD technical analysis - levels to re-establish shorts
- New Zealand Q3 CPI 0.5% q/q (expected 0.4%)
- Coming up from NZ: CPI, Dairy auction, government saga goes on (and on ...)
- US stock end the session with gains and making records
- Trade ideas thread - Tuesday 17 October 2017
- Australia today, RBA Oct. meeting minutes on the calendar - preview
- New Zealand inflation data for Q3 due at 2145 GMT - (moar) preview
- New Zealand inflation data for Q3 due soon - preview
EUR/USD traded below its overnight (Europe/UK/US) low to circa 1.1775 but didn't follow through lower (as of posting). There was a little concern of North Korea, with the country's deputy UN Ambassador warning on a nuclear war. Emphasis, though, on 'little' concern, as USD/JPY didn't do too much, only dribbling a few points lower from its Tokyo morning high.
NZD/USD was a mover, it was marked higher on an upside surprise for Q3 CPI (headline inflation at least - later numbers for core inflation from the RBNZ were more subdued) only to slip back toward session lows in the hours following.
AUD/USD was on the soft side for most of the session in a tiny range and has since come back to me little net changed on the session at all as I update.
Cable is a few (hardly any) points to the better on the session also.
Gold is little changed, as is oil. USD/CAD is a few points higher.
Reserve Bank of Australia October meeting minutes contained little to surprise, with familiar themes touched again by the bank (see bullets above).
