ForexLive Asia FX news wrap: Small USD weakness

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Thursday 12 October 2017

General USD weakness continued in Asia today, albeit not by much. Cable was a bit of a mover, edging higher through much of the Asian session before popping a little above 1.3250 and 60 on a few stops. Its then came back down 20-odd points and is gaining again as I update.

AUD/USD was a notable beneficiary also, testing 0.7800 again, as it did yesterday during the timezone; this time it cleared 0.7810 but not by much. As i update its consolidating and looks like it'll manage higher still.

"Not by much' is pretty much the catch cry of the session here today, NZD, EUR, CHF all higher against the USD ... not by much. After its slide in the US afternoon USD/CAD is little changed on the session here.  

Gold is popping a little higher as I post.

Data flow had little impact, news flow was scarce. there were comments from Fed speakers (see bullets above), nothing definitive - the inflation debate is alive and well. The good news is we may well be seeing this very small range trading ahead of likely bigger moves after the US CPI data. The bad news is the CPI data is not until Friday morning, US time.