Forex news for Asia trading Friday 24 October 2014
- EU demands extra €2.1bn from Britain – on account of its relative prosperity
- New Zealand Trade balance: -1350m (vs. expected -625m)
- Van Rompuy: EU has reached a deal to cut greenhouse gases by at least 40%
- Patient in New York city tests positive for ebola: NYT and more here
- China property price data for September: All China New home prices -1.3% y/y (+0.5% prior)
- New Zealand – September low deposit home loans rise
The big news item for the day was the confirmation of the Ebola diagnosis for the patient in New York. Lets hope he gets better.
The impact on the markets was a knee-jerk sell-off in equity markets (& index futures etc.) as well as yen buying (taking USD/JPY below 108.00 but not much under 107.90 before some stabilisation.
The AUD/USD saw a sell-off also, touching below 0.8720 before it, too, stabilised and ticked back some its loss.
We now await Europe’s reaction as they being to trickle into the office in the coming hours.
Ahead of the Ebola news we did get New Zealand trade balance data came in with a bigger deficit than expected (explained away due to aircraft import), which caused a wobble in the kiwi but not much else.
EUR and GBP were mainly sideways on the session.
Oil dripped a few cents off, gold down marginally also.
