- New Zealand consumer confidence fell to 110.3 from 113.8
- NZ job ads rose by 5.3% MoM
- Business NZ PMI rose to 57.7 from 50.8
- RBA’s latest quarterly bulletin
- Nikkei +0.6% on continued Yen weakness; other regional bourses slightly lower
- Gold +0.3% after 2% fall overnight; Oil at $105.80/bbl
Only the Yen crosses showed any inclination to move today and once again the only way was up.
USD/JPY opened near 83.70 but once again edged slowly higher through the session, taking out a small barrier at 84.00 on its way to a session high at 84.17. There has been no pullback since then with quiet consolidation near 84.10. Range: 83.64/84.17
EUR/USD has again played second fiddle to EUR/JPY, trading in a 30 pip range on the whims of cross flows. 1.3002/39
AUD/USD opened near 1.0450 and fell initially as dealers tried to tap into the bearish momentum from overnight, but AUD/JPY buying eventually took over and the Aussie will end the session near its intraday highs. Range: 1.0419/67
Cable 1.5634/71; EUR/CHF 1.2120/40
