ForexLive Asia FX news wrap: AUD up - very solid jobs report

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Thursday 14 September, 2017

I am going to start with this, given what happened last time:

  • One for the NZD traders .... a New Zealand election poll (Colmar-Brunton) will be released at 0600GMT

Oh and this too, coming later:

USD/JPY had a (very small) dip in late NY/early Asia with NBC tweeting that North Korea was seen to be prepping for a missile launch. The dip was brief though, USD/JPY (and yen crosses) stabilised after a small move only. From sitting circa 110.45/50 for a couple of hours USD/JPY moved higher, back above 110.70 and therefore over the US time highs. Headlines on US President Trump getting along so well with US Democratic congressional leaders Schumer and Pelosi helped USD/JPY on this small pop,

but it was unsustained and we are back under 110.50 as I update.

EUR, CHF, CAD and GBP have all had subdued ranges against the USD here in Asia with little in the way of news to drive moves.

AUD/USD has been more active; a very slight drift down (towards 0.7970) ahead of the much-awaited jobs report for August and then a sharp mark-up (to above 0.8010) on a stunning, huge beat of a result:

And, its not just a one-off, the strong gains come following much better reports earlier in the year. From above 0.8010 AUD/USD has come back a little. It fell back under 0.8000 on the Chinese data, a pretty much across the board miss for these various data points:

As I update the Aussie is back above 0.8000.

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