ForexLive Asia FX news wrap: USD a little lower almost across the board

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Tuesday 10 October 2017

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.