Forex news for Asia trading Thursday 30 October 2014
- Brazil raises its benchmark lending rate by 25 basis points
- ForexLive Preview: US Q3 provisional GDP Thurs 30th October
- Japan Buying Foreign Bonds + the rest of this data
- Australia – Housing Industry Association (HIA) New Home Sales for September, 0.0% m/m
- Japan PM Abe: Comments on decision factors on next sales tax hike
- Australia – Q3 import and export price indices
- Shanghai Securities News: No chance yuan will appreciate or depreciate sharply – China’s SAFE
- Bloomberg survey says GPIF to double its allocation target for local stocks
- RBNZ FX data for September – not much … sold net $30 million NZD
- Japan PM Abe – Won’t use pension fund management directly to boost stock prices
There was further USD buying in the early part of the Asian morning but it soon dissipated into relative torpor.
AUD lost ground toward 0.8750 and both the EUR/USD and cable were notably hit. NZD/USD had previously been sold off again on the RBNZ announcement so it didn’t manage to lose too much more while all this was going on.
USD/JPY tested above 109 as the Nikkei gained. EUR/JPY gained, too, and both stabilized soon enough around the higher levels.
Oil and gold both tracked mainly sideways.
