Forex trading headlines for Asia Thusday March 20 2014
- New Zealand Q4 GDP (sa): +0.9% (expected +0.9%, prior was +1.4%)
- Japan Buying Foreign Bonds (week ended March 14): Y 143.1bn
- Japan finance minister Aso: Sees the impact of Ukraine situation limited on Japanese economy
- Japan economy minister Amari: Details on corp. tax cut – hope to include in June’s growth
- China Securities Journal commentary: Corporate debt default risks have multiplied
- China Business News: NDRC granted approval for five railway construction projects – investment
- China to release measures to expand domestic demand ASAP and more here
- Australia politics – Defeat of government bill could be another step to early election
- Australia – manufacturing survey a “little bit disturbing”
- Malaysia Airlines flight MH370: Australia says new and credible information
Asia reacted as expected to the wild FOMC-induced FX rate shifts by doing pretty much nothing at all.
Cable was flat on the session, USD/CHF nearly so too.. EUR/USD dribbled 15-odd points higher.
USDJPY fared little better, a 20-odd point range centred around 102.30.
AUD and NZD did what they did to keep their end up, the NZD dropped on the release of Q4 GDP (see bullets, above), while the AUD slowly crunched its way through buyers from 0.9000 to 0.9020 before settling 10-20 (as of writing).
In non-FX news – reports that Australian military aircraft may have found debris from missing Malaysian Airlines Flight MH370 (see bullets, above).
