Forex news for Asia trading Wednesday 5 April 2017
- Moody's on New Zealand's Aaa rating - well supported
- FOMC March minutes due Wednesday - clues about balance sheet normalisation?
- AMP Capital says long USD has run its course
- Here's the RBA 'Chart Pack' - summary of economic & financial market trends in Australia
- Another Botswana earthquake: M5
- PBOC sets USD/CNY mid-point today at 6.8906 (vs. Friday at 6.8993)
- BOJ reduces purchase of 1-3 year JGBs (280 bln yen from 300 bln yen previous)
- New Zealand ANZ Commodity price index for March: +0.4% m/m (prior +2.0%)
- USD/JPY & EUR/JPY orders
- AUD and NZD orderboards
- Chinese markets reopen today after a 4-day weekend
- Japan Nikkei PMIs: Services 52.9 (prior 51.3) & Composite 52.9 (prior 52.2)
- Ahead of the Xi - Trump meeting Thursday & Friday - why China not a manipulator
- Brexit - Nearly half of British households plan to cut spending
- Australia - Services PMI for March: 51.7 (prior 49.0)
- UK data - BRC Shop Price Index -0.8% y/y (vs. expected -0.8%)
- Westpac on AUD: Backdrop softened, capped near term, likely test down through 0.7550
- Australia - Regulator comments on macroprudential changes
- EU's Dijsselbloem says meeting Greece made good progress, talks continue Wednesday
- Yonhap - North Korea fires an unidentified projectile in East Sea
- New Zealand data - ANZ job ads for March - higher again
- More from Fed's Tarullo: Fed targets its dual mandates, not specific interest rate
- AUD traders, ICYMI: RBA Gov Lowe spoke overnight: Not happy with loose lending
- Trade ideas thread - Wednesday 5 April 2017
- Gundlach says the data is not showing any US recession in sight
- OIL - Private inventory data shows bigger than expected draw in headline crude stock
- Fed's Tarullo remarks on regulation - nothing on the economy nor monetary policy
- Economic data due from Asia today (Fed speaker up soon)
ICYMI Forexlive Americas forex news wrap: The leaker is found. It's Lacker.
Very narrow ranges for currencies vs. the USD here in Asia. Most of the session was spent looking for narratives to explain why nothing was happening. Sure, its FOMC Minutes day in the US today, is that a reason for this torpor? Waiting on the Trump-Xi meeting on Thursday and Friday? Does Asia even need a reason? I dunno.
USD/JPY at least had a go, it traded to circa 110.90 then drifted back to be basically unchanged for the session. The Bank of Japan reduced the amount of 1-3 year JGBs it purchased, as they told us they were going to do in April.
EUR, CHF, GBP, AUD, NZD are all little net changed against the big dollar having traced out only small ranges.
Fresh news and data flow was light.
Gold, oil ... also confined to small ranges.
Regional equities:
- Nikkei +0.21%
- Shanghai +1.06% ... China back from a four-day weekend today
- HK -0.11%
- ASX +0.04%
