ForexLive Asia FX news wrap: AUD the big mover and even that wasn’t much

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Wednesday 6 September 2017

It was a subdued session for news and data flow here in Asia today. We did get comments from Dallas Federal Reserve head Robert Kaplan (plenty on the bulleted points above, but in a nutshell he want to move on beginning balance sheet normalisation ASAP while holding off on rate hikes for now), Q2 GDP data from Australia and wages data (July) from Japan.

USD/JPY slid in pre-Tokyo trade down towards 108.50 but as Tokyo became more active it recovered to 108.80 and is mid-range as I update. Wages data was disappointing (see bullets above).

EUR/USD over the session had a smaller points range, from just over 1.1920 early it knocked off a few points to under 1.1910 and is also more or less mid-range as i update. USD/CHF has had a small range, net a few tics higher while cable too is more or less flat on the session.

USD/CAD got to its lowest early, circa 1.2365 before heading higher on approach to 1.2395. The Bank of Canada monetary policy decision is due today, Canada time:

AUD/USD edged higher in the Sydney morning, to circa 0.8020 ahead of the GDP release only to drop upon the data announcement back under 0.8. It never bothered the big figure again and is under 0.7990 as I update.

NZD/USD followed a similar, but not quite the same, pattern, higher in its morning and then turning lower well before the AUD did; its on its session lows as I post.

Regional equities:

  • Nikkei -0.20%
  • Shanghai -0.28%
  • HK -1.02%
  • ASX -0.31%