Forex news for Asia trading Tuesday 17 February 2015
- Oil to $10 a barrel?
- US federal offices in Washington are closed Tuesday due to weather
- Japan PM Abe says no plan for extra budget FY 2015/16
- China - January new home prices fall in 64 cities (was 65 in December)
- Bank of Korea leaves key interest rate unchanged at 2%
- Japan economy minister Amari - comments on yen strength and weakness!
- Minutes of the RBA February meeting out now
- What to expect from the RBA - latest from some of the Aussie banks
- Singapore Q4 GDP +4.9% q/q annualised, s.a.
- Japan tsunami - Reuters reports evacuation warning issued
- Japan earthquake and tsunami ... no abnormalities reported at nuke plants
- Japan issues tsunami advisory - 1m wave may hit northern Japan - NHK reports
- Societe Generale, BNP both not liking the yen this week
- ANZ weekly consumer confidence at 109.8 (down 1.7%)
- Cleveland Fed President Mester - "I want June to be a viable option" (for a hike)
It was another session of broad US dollar weakness ... nearly.
EUR, GBP, AUD and NZd all gained against the USD, to greater or lesser degrees. AUD/USD finally popped 0.7800, as it had been threatening to do a few times ... but (as of writing) there has been minimal follow-through. EUR was a steady gainr, and it put on a good gain against the yen also. Which bring us to ...
USD/JPY was a bit of an oddball (but wasn't totally alone), falling in the initial going but making a new session high towards the very early Tokyo afternoon as the Nikkei found its feet. It tested above 118.60, and spent some time around there; it's a few tics lower as I write.
Gold fell, tripping below 1230 and finding a bit of a bounce from 1226 as or writing.
Oil ticked a few cents higher on the session.
