Forex news for Asia trading Thursday 30 March 2017
- BOJ's Iwata: Appropriate to continue powerful monetary easing
- BOJ dep. gov. Iwata to appear in Japan's parliament from 12.10pm Tokyo time
- RBNZ sold NZD in February (if it was intervention, they're doing it wrong)
- PBOC sets USD/CNY mid-point today at 6.8889 (vs. yesterday at 6.8915)
- USD/JPY & EUR/JPY orders
- US reviewing China’s “market-economy status” ... higher tariffs possible?
- EUR/USD orderboard
- USD ticking higher in the Asian morning
- Stock-, futures- foreign -exchanges ... all BORING. China has a donkey exchange!
- AUD and NZD orderboards
- Australia HIA New Home Sales (February): +0.2% m/m (prior -2.2%)
- Big 4 Australian banks' outlook for next week's RBA meeting
- Reuters report: Trump to unveil $1 trillion infrastructure plan in 2017: official
- US to investigate China for supplying cheap tinfoil hats
- Trade ideas thread - Thursday 30 March 2017
- Brexit & the GBP: Start of a 'grace period'; buy dips says TD
- Japan press - Yen strength putting the BOJ's 2% inflation target in jeopardy
- China press (Xinhua) overnight cite 'think tank' Q1 GDP forecast at 6.8%
- Just waking up? Here is the ECB story overnight - they told us all to chill out
- Economic data due from Asia today
- ICYMI: Forexlive Americas forex news wrap: Article 50 triggered. GBP steady.
A stronger USD nearly across the board here in Asia today, albeit in small ranges.
Fresh news and data flow was nearly non-existent, some data from Japan and Australia, and a rehash of the US $1tln US infrastructure 'plan' (no details as yet).
USD/JPY added 30-odd points to early levels, topping circa 111.40 on the session so far before giving a little back. The move took yen crosses mainly higher also, EUR/JPY turning around from circa 119.80.
EUR/USD has traded down a little, more or less steadily (and slowly) toward 1.0740 (not quite getting there though). A similar move for the CHF against the dollar, USD/CHF ticked higher to around 0.9980.
Cable hung in there, it is basically unchanged on the session.
Can't say the same for the Australian dollar, it has drifted off a few points, as has the kiwi$.
Gold is down a few dollars on the session, oil is little changed.
There was a bit of pollie waffle:
- U.S. House of Representatives Speaker Paul Ryan opposes Trump working with Democrats on healthcare
- Hawaii judge extends temporary halt to Trump's travel ban
A lacklustre day in Asia today, but be sure to tune in again on Friday - its Japanese inflation day!
Regional equities:
- Nikkei -0.35%
- Shanghai -1.12%
- HK -0.44%
- ASX +0.29%
