ForexLive Asia FX news wrap: ECB floats amounts & timing of QE reductions

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Friday 13 October 2017

The biggest news of the session was the 'trial balloon' floated by ECB 'sources' on cutting QE in half in early 2018. The euro ... yawned. Which was disappointing.

Maybe it was because of Friday the 13th, but EUR/USD barely responded. Over following hours there was a bit of general weakness in the USD, which did see EUR/USD higher but the range was not large over the session.

USD/JPY slipped under its overnight low cicra 112.15 and down towards 112.00. The softer USD was reflected elsewhere too, and also in very small ranges.

Ahead of US CPI and retails sales data volumes/activity were lacklustre here.;

We got an as expected result from the Monetary Authority of Singapore today in their policy announcement (tune in for the next one due in April!), and similarly an unsurprising 'Financial Stability Review' from the Reserve Bank of Australia.

A miss on the September trade data from China (surplus and exports both missed).

Still to come: