ForexLive Asia FX news wrap: USD a little lower almost across the board
Forex news for Asia trading Tuesday 10 October 2017
- Australian business conditions & confidence - analyst response
- RBA's Debelle speaking - no reports as yet
- Goldman Sachs Asset Management, sees the AUD lower
- China stats bureau says no problem to meet the 2017 growth target
- Symmetric Risks For GBP This Week - Barclays
- Japan’ August current account surplus - recap
- EUR, AUD, NZD, CHF, GBP - all higher against a weaker USD
- China to alter GDP calculation - will give Q3 a boost
- PBOC sets USD/CNY mid-point today at 6.6273 (vs. yesterday at 6.6493)
- FX option expiries - Tuesday 10 October 2017
- NZ's Peters says exporters should be happy with the lower NZD
- Australia - NAB (Sep.) Business Conditions 14 (prior 15) & Confidence 7 (prior 5)
- BOJ's Kuroda: Japan's economy is expanding moderately
- New Zealand inflation gauge edges higher
- Japan - BoP Current Account Balance (August): ¥ 2380.4B (expected ¥ 2223.3B)
- SG on the New Zealand election ... see more upside ahead for AUD/NZD
- UK data - BRC Like-for-like sales (September): +1.9% y/y (prior +1.3%)
- Japan election - Tokyo Governor Yuriko Koike Bloomberg interview
- Australia - Roy Morgan/ANZ weekly consumer confidence: 113.8 (prior 113.4)
- If you are expecting a North Korean missile launch today ...
- Fitch says macro-economic risks in New Zealand remain elevated
- New Zealand data - Retail card spending (Sep.): +0.1% m/m (expected +0.7%)
- Bill Gross says “I think we have fake markets”. Blames the Fed.
- Trade ideas thread - Tuesday 10 October 2017
- (Overnight news) North Korea accused US of assassination attempt of Kim Jong-un
USD/JPY traded a little higher in the early Tokyo morning, heading into the fix it was around 112.80 and then dropped back towards earlier levels to be more or less unchanged as I update.
As it dropped back the USD weakened elsewhere: EUR, AUD, NZD, CHF, GBP and CAD are all up a little net on the session (not big moves, but notable nonetheless).
AUD/USD gained from lows circa 0.7750 to (briefly) above 0.7785. Strong business conditions and confidence were reported again today, and a marginal improvement in consumer sentiment a little earlier also. This helped the AUd along (with the general weakness).
EUR/USD, too, had a good performance but there was little in the way of fresh news for data for it.
The People's Bank of China set the USD/CNY reference rate lower again (stronger yuan), contributing to undercutting the USD here in Asia a little.
Other data today showed NZ inflation rising and strong surpluses in trade/current account for Japan.