- More on Japan to build new nuclear power plants, restart old ones
- The US has hit targets in Syria used by groups affiliated with Iran's IRGC
- Heads up for a BOJ speaker Thursday, Japan time
- Recap of Fed Kashkari - his biggest fear is inflation will be more persistent
- PBOC sets USD/ CNY mid-point today at 6.8388 (vs. estimate at 6.8411)
- Japanese PM Kishida press conference at 0430 GMT - update on COVID measures
- US President Biden will announce his decision on student debt relief on Wednesday
- "NZD will probably come under pressure in the next few weeks"
- ICYMI - (Literal) cracks in oil supply - Caspian oil loading terminal volumes drop
- 4 reasons that JP Morgan say (again) that they are constructive on China
- Morgan Stanley says Powell's speech at Jackson Hole could be supportive of the USD
- South Korea business survey shows a small improvement to the outlook
- Canada & Germany have signed a 'Hydrogen Alliance' deal to quicken export of CAD hydrogen
- US officials expect to respond to Iran on nuke deal draft by Wednesday - then more talks
- Oil - private inventory survey shows larger headline draw than expected
- Trade ideas thread - Wednesday, 24 August 2022
- Stocks close lower. Nasdaq gives up modest gains into the close
- Forexlive Americas FX news wrap: US dollar sinks after surprisingly soft services survey
It was a subdued session for major forex ranges in Asia-Pacific today. As the headline to the post says, there was a small bid for the USD, retracing its losses on Tuesday a little further.
We had comments from Federal Reserve Bank of Minneapolis President Neel Kashkari. He maintained a hawkish stance, flagging further rate rises ahead and warned that if inflation stayed high so would rates. Check out the bullet points related to his remarks, above, for more detail.
About the only data of note was of relevance to oil. The privately surveyed inventory data showed a much larger than expected headline draw. Official government inventory data is due Wednesday morning from the US. Large draws should act to underpin the oil price.
