Forex news for Asia trading Thursday 26 March 2015
Yemen:
- Saudi Arabia starts bombing targets in Yemen
- There goes oil ... higher as Saudi Air Force bombs Yemen
- Update on Saudi-led air strikes on Yemen rebels
Other:
- HSBC comments on Fed, 'lift off', and the USD
- US inflation ... this indicator is showing "a sharp turn upward in measures of inflation"
- Federal Reserve should drive unemployment down below 5% - Paper
- PBOC adds funds to money market - first time since Lunar New Year
- Australian residential mortgage delinquencies have fallen to their lowest level in 8 years
- More from Citi - RBNZ to jawbone the NZ dollar
- Citi cuts Australia GDP, CPI forecast - expects 2 more RBA cuts
- The US dollar is up 12%, not 20%
- Japan Buying Foreign Bonds, Y 765.5B (plus, the rest of this data)
- About that Swiss Franc ... what's needed for SNB intervention again
- Awesome ... "Dow Falls More Than 1% As Zayn Leaves One Direction"
- More on "Central banks agree new rules for FX market conduct"
- Guess who? ... "We believe ... RBA to cut rates to 1.5% by December"London-based
- NZD traders - Overnight press: "Milk prices may have hit bottom"
Oil traded higher today. News broke about Saudi-led airstrikes on Yemen rebel militias, but there was little market response for maybe around 20 minutes or so. Oil eventually started to gain, WTI moving from under $48.90 to around just shy of $49.90 before stabilising. It settled around 49.75 for an hour or so, and then surged again, halting ahead of $52 before coming off over a dollar. CHF barely moved on the news.
AUD and NZD had heavy days, NZD finding some support ahead of 0.7570 (at least as I write), but AUD kept on slipping. AUD/USD is on its lows, just ahead of 0.7800. There was the usual bad news and views for it today, which it has managed to shrug off recently .... but not today. AUD/NZD sellers entered again from 1.0325/30.
USD/JPY lost ground, the slide accelerating after the lunch break in Tokyo, EUR/JPY stops cited below 130.90 as a catalyst.
EUR/USD and cable were both held in 25/30 point ranges.
