Forex trading headlines for Asia Monday 26 May 2014
Releases today:
- New Zealand April trade balance: +534m (vs. expected +634m)
- Bank of Japan (BOJ) minutes of April policy meeting
Other:
- Australian dollar – “Expert warns LNG projects could push dollar towards parity”
- Japan: Summer bonus payments up nearly 6%
- Reuters reports that centre-right parties estimated to top European parliament vote
- More on Draghi’s opening comments at the ECB summit in Portugal
- Moody’s on China’s Aa3 rating and stable outlook
The results of the European parliament election had very little impact in Asia today. Similarly, opening remarks at the ECB summit in Lisbon, Portugal, by ECB President Draghi were not impactful (he speaks again on Monday morning Europe time, so there may be more to come from him).
EUR, CHF and GBP were all very quiet in tight ranges,
The release of the BOJ policy board April 20 meeting minutes were also a non-event … USD/JPY and yen crosses broadly quiet ‘n’ sideways, just dipping to session lows as I write the wrap up.
The NZD lost a little ground and traded without much in the way of a bounce from its lows.
AUD/USD had a tight range around 0.9230/35 for most of the session.
It’s a UK and US holiday … Ryan will be in a little later today.
