Forex trading headlines for Asia Tuesday 6 May 2014
- Dijsselbloem: Makes proposal on ESM direct bank aid
- New Zealand PM Key: Budget will show small surplus for 2014/15 year
- Australia – Trade balance for March: +731m (expected surplus of 1000m) and more here
- New Zealand finance minister English: Says NZ budget will forecast lower debt as % of GDP
A muted session in Asia with both Japan and Hong Kong FX centres on holiday today.
Cable had a very small drift up, higher by around 10-odd points from its low of the session. EUR/USD added a similar number of points. CHF even less. Not that it is unusual for the European majors to put their feet up during the Asian timezone.
But the torpor extended to USD/JPY also today (down around 12 pips from the highs as of typing), but not surprising on a Japanese holiday, the last one (thankfully) of a split Golden Week.
NZD/USD ground out a small gain in the morning, and held it, then jumped briefly above 0.8700 before stabilising. There is a dairy auction tonight (NZ time) which could be a catalyst for a move.
AUD/USD, too, ground out a small gain through the session. it had a bit of a dip (talkin’ 10-odd points) on the lower than expected trade surplus (exports dropped on the month while imports remained steady). As I write it is quiet ahead of the RBA decision and announcement due at 0430GMT (previews can be found from here)
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ps. If you’re just getting back from a long weekend in the UK, here’s a catch-up for ya!
