ForexLive Asia FX news wrap: AUD, NZD, CAD the movers

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Tuesday September 12, 2017 

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.

Regional equities:

  • Nikkei +1.04%
  • Shanghai +0.07% (cue James Bond theme)
  • HK -0.03%
  • ASX +0.70%

Still to come: