Forex trading headlines for Asia Tuesday 16 September 2014
- Wespac global FX head – Australian iron ore exports to China are still strong
- JP Morgan – China story still positive for Australia
- Australia – ANZ Roy Morgan weekly Consumer Sentiment for the week ended September 14 is 111.3
- JP Morgan’s Auld – Sees AUD at about 90 cent in 6 months
- Reserve Bank of Australia (RBA) Kent: Australian dollar remains high given decline in commodity prices and more here, and more
- Goldman Sachs on the AUD … 85 cents, here we come!
- Reserve Bank of Australia (RBA) – Minutes of September 2014 Monetary Policy Meeting
- Japan economy minister Amari: Says consumption harmed in July and August due to bad weather
- China FDI for August -14% y/y and more here: “first back-to-back decline of more than 10 percent since 2009″
- Goldman Sachs technical analysis chart on the Australian dollar – AUD playing catch up
- Japan M6 earthquake… No tsunami alert issued.
The USD weakened in morning Tokyo trade (early), but retraced much of its move by lunchtime there. EUR, GBP, yen, CHF, CAD, AUD and NZD all strengthened against the USD to a greater or lesser degree in the early going only for a bit of a turnaround.
Gold followed a similar pattern, stronger against the USD early then retracing somewhat.
There was no specific news to pin the moves on, just ongoing market dynamics.
There was some central bank activity impacting on the Australian dollar today, with a speech from the Reserve Bank of Australia (RBA)’s Christopher Kent, Assistant Governor (Economic), followed by release of the RBA Minutes (September), in which the RBA showed (according to Westpac … (see bullets, above)) ‘genuine alarm’ at the developments in house prices.
Finally – a head’s up for Bank of Japan (BOJ) Governor Kuroda speaking at 0530GMT
