ForexLive Asia FX news wrap: AUD, NZD, CAD the movers
Forex news for Asia trading Tuesday September 12, 2017
- Goldman Sachs on Irma: Negative for oil demand but not on oil production, processing
- Here is an AUD option expiration for September 14 worthy of a heads up
- Australian jobs report due Thursday - preview
- AUD update - on session lows after NAB Business Survey
- Australia: Business confidence 5 (prior 12) & business conditions 15 (prior 15)
- PBOC sets USD/CNY central rate at 6.5277 (vs. yesterday at 6.4997)
- Option expiries for Tuesday 12 September - New York 10am cut
- OECD says ultra easy monetary policy has not worked as intended
- Here's the other vote: UN beefs up North Korea sanctions
- More Brexit voting news - Government wins timetable vote too
- Australia data - ANZ-Roy Morgan weekly consumer confidence 109.8 (vs. prior 114.1)
- Brexit vote - vote goes in favour of withdrawal at 2nd reading
- Here is the SG Swan Chart - "significant systemic risks, not least geopolitical"
- Russia's UN envoy says not to underestimate its proposal (with China) on North Korea
- AUD/USD is overvalued says this bank's iPhone and iPad index
- New Zealand election September 23 - here's the bottom line
- NZ data - ANZ New Zealand Truckometer (August) +6.2% m/m (prior -5.5%)
- UK data coming up today - inflation - preview
- ICYMI: ForexLive Americas FX news wrap: Risk trades rally as Irma fades
- One more hike to come in December, then a pause (nope, not the Fed - HSBC on BoC)
- OPEC Sec Gen says it is clear the oil market rebalancing process is underway
- Oil - Saudis to tell OPEC it cut oil output in August from July
- Trade ideas thread - Tuesday 12 September 2017
- Australia business confidence data due today - preview
- Bank of Canada gets into a spat about communication
- Economic data due from Asia today - Australian business survey the focus
AUD, NZD, CAD were movers here in Asia today while EUR, yen, GBP and CHF were all much more subdued than their ranges on Monday in UK/Europe/US.
AUD/USD slipped lower from the Sydney kick-off this morning. Another poor result from the weekly consumer confidence data didn't help the AUD, but the data point of focus for the currency was the NAB Business Survey which came later. oAUD/USD was on its lows as the data hit - conditions came in strong again but confidence dropped a chunk (from 12 in July to 5 for this August survey), sending AUD/USD under 0.8000 briefly.
Its come back just a little but still down on the session currently just over 0.8010.
NZD/USD is net lower on the session also despite an early bounce above 0.7260; its circa 0.7235 as I update.
USD/CAD dropped under 1.2100 early but has since come back to be more or less unchanged on the session around 1.2115 as I update.
Elsewhere the ranges were not large, USD/JPY is little changed net on the session, as is EUR/USD and EUR/JPY. USD/CHF ... ditto. The UN adopted further sanctions on North Korea.
Cable is slightly higher, circa 1.3180; PM May scored a victory in the 'Brexit' voting,see bullets above for more on these.
Gold lost a few more dollars after its overnight slide, but there isn't much in it.
- Nikkei +1.04%
- Shanghai +0.07% (cue James Bond theme)
- HK -0.03%
- ASX +0.70%
Still to come: