The forex trading headlines for Asia Friday 10 January 2014
- British Retail Consortium (BRC) Retail Sales Monitor for December: +0.4% y/y (vs. expected was +0.8%)
- Fed’s Kocherlakota: Says unemployment has fallen ‘disturbingly slowly’
- Kocherlakota: Expects GDP growth rising to 3% in 2014 and more from Kocherlakota here
- Japan’s economy minister Amari: Japan’s monetary policy is not aimed at FX rates
- China trade balance for December: $ 25.64bn (vs. expected +$32.15bn)
- China exports for December: +4.3% (vs. expected +5.0%)
- China imports for December: +8.3% (vs. expected +5.0%) (more on China trade here and here)
- China Q4 trade up on improved economy in US, Europe, emerging markets: Zheng (Customs Bureau spokesman)
- Dijsselbloem says economic recovery still vulnerable
- Bernanke gives upbeat assessment of economy to U.S. senators
- Here’s everything you need to know about Mr. Yellen
I was a pre-NFP day in Asia today, defined by listlessness across the currencies.
There was barely any movement as the market awaited the announcement of the winner of the ForexLive t-shirt competition NFP from the US later.
EUR/USD moved 20 points higher in very late New York trading, then sat sideays around 1.3605.
USD/CHF traded sideways around 0.9065.
USD/JPY had little more than a 77/92 range.
Even USD/CAD didn’t do a real lot; 1.0835 to 1.0855 pretty much it.
GBP… nup … sideways like everything else.
AUD and NZD both had limited ranges. the AUD dipped 7 points on the China trade balance then popped to 0.8905 within minutes before settling back around 0.8900
