Forex and Bitcoin news for Asia trading Wednesday 30 May 2018
- Mexico's Pena Nieto tells Trump Mexico will not pay for the wall
- Australian building approvals for April: -5% m/m (vs. expected -3%)
- RBNZ Gov. Orr: Pleased credit growth has slowed, but hasn't slowed for long enough
- PBOC sets USD/ CNY mid-point today at 6.4207 (vs. yesterday at 6.4021)
- Japan data - April retail sales +1.4% m/m (vs. +0.5% expected)
- US media: CIA report says North Korea won't denuclearise
- US is said to be planning some restrictions on China visas
- RBNZ Governor Orr - No decision on LVRs likely until next financial stability report
- NZ data earlier - April building permits -3.7% (prior was +13.0%)
- UK data - UK BRC shop price index for May: -1.1% y/y (prior was -1.0%)
- RBNZ Financial Stability Report - financial system remains sound
- Trade ideas thread - Wednesday 30 May 2018
- White House says prepared for June 12 summit with North Korea to take place
This will be a very brief wrap … tech glitches today made coverage less than ideal - my apologies to all.
USD/JPY has been a small mover, but its been a session of small ranges only across the board for the majors. US Treasury yields were a little higher which lent some support to USD/JPY (and the USD more generally), but ongoing headlines related to the planned US / North Korea summit did give it a small wobble from time to time. The balance of news/views coming out is that the summit is going ahead (as I write, anyway).
EUR, CHF both lost a few tics against the US dollar. EUR/USD is barely above its recent lows hit during Europe time Tuesday, Italy worries lingering.
AUD/USD, too, a touch weaker, not helped by soft data today (a minor impact though). NZD/USD is little changed but slightly to the better.
Still to come:
