- Japan ex-Finance head: BOJ should review yield curve control program under new governor
- Two Bank of England speakers on Tuesday, 4 April 2023: Tenreyro & Pill
- RBA rate hike pause expected today. Here's what could trigger a hike later in the year.
- PBOC sets USD/ CNY central rate at 6.8699 (vs. estimate at 6.8724)
- (Not FX) Trump will be charged with 34 felony counts on Tuesday, no handcuffs, no mug shot
- Asian Development Bank lifts its growth forecasts for China: 5% this year (vs. 4.3% prior)
- Australia weekly ANZ-Roy Morgan Consumer Confidence: 78.2 (prior 76.6)
- Upside risk to Brent oil forecasts due to OPEC output cut - Barclays
- South Korean March CPI has risen at its slowest y/y pace since the same month last year
- The EU launched its new LNG price benchmark on Friday in attempt to calm price spikes
- New Zealand data: Q1 business confidence -66% vs. -70% in the prior quarter
- Morgan Stanley has cut its oil price forecasts - here's why
- Russia's Lavrov says "the west" trying to drive wedge between China and Russia friendship
- Swiss National Bank's Schlegel says will conduct more forex intervention if necessary
- Forexlive Americas FX news wrap 3 Apr: ISM lowest since May 2020
- ICYMI: ECB's Simkus said the “larger part” of the ECB’s rate increases are over
- ICYMI: ECB Holzmann says likely room for another 50bp rate hike
- Fed's Cook: US has low unemployment, high inflation. Thus the Fed is focused on inflation
- US Treas Sec Yellen says OPEC+ oil output cut is not positive for global growth
- Dow Industrial Average and S&P higher. Nasdaq lower.
The USD extended its Monday fall in Asia morning trade, more of a lacklustre drift down than the rise seen during Europe yesterday. USD/JPY was the notable mover, dribbling to circa 132.18 before staging a solid bounce to above 132.75.
EUR, GBP, CAD, AUD, CHF and NZD all gave back their morning gains against the dollar to greater or lesser extents. The ranges for these were all very small though, it was yen where the FX move was. CNH has lost some ground against the dollar also.
Even oil traded in a subdued fashion. Asia turned on the huge (for it) range yesterday. But not today.
News and data flow was barely noticeable, what we did get did not impact.
Hong Kong's 'central bank', the Hong Kong Monetary Authority (HKMA), intervened in FX markets to buy HKD after the currency lost ground to the weak end of its trading band.
Asian equity markets:
Japan’s Nikkei 225 +0.21%
China’s Shanghai Composite +0.31%
Hong Kong’s Hang Seng -0.88%
South Korea’s KOSPI +0.42%
Australia’s S&P/ASX 200 -0.11%
USD/CNH:
