Forex trading headlines for Asia Monday 07 April 2014
Weekend:
- Ukraine rating cut to to Caa3 from Caa2 by Moody’s
- Ukraine says it will not take natural gas intended for European consumers
- Abe adviser calls for more BOJ easing should the economy
- EU’s Rehn: No reason to again give France more time to cut deficit
- Ukraine Interior Minister says Putin behind seizure of state buildings
Monday:
- Australia – AIG Performance of Construction index for March: 46.2 (prior was 44.2)
- Australia – ANZ job advertisements data for March: +1.4% m/m (prior was 4.7%)
EUR, GBP and CHF were all sideways in a tiny rage throughout the session here today.
The USD/JPY and yen crosses, though, were more active, with choppy opening hours in New Zealand this morning (a 103.23/43 range was seen in the first couple of hours), before heading back to its highs in very early Tokyo and then dropping to a new low as the Tokyo Stock Exchange opened – the Nikkei suffered further selling after opening lower. The drop was short-lived, though, with a bounce to briefly above 103.30 before settling around 103.25.
NZD/USD found its legs again today, grinding it out to add 30-odd points, settling around 0.8610 and drifting off a few points (as of writing). AUD/USD didn’t do too much at all, despite a few data prints, it had an 18-odd point range from around 0.9275 to near 0.9292.
China markets were closed today, they reopen Tuesday (local time).
