Forex news for Asia trading Monday 16 October 2017

There was plenty of weekend and Monday new and data to drive FX ... but none if it really did.

Oil, however, caught a bid, up half a dollar to open the week with some military activity in the Middle East (Oil - Iraqi forces continue advancing on Kurdish oil fields).

Back to FX ...

Early Monday saw news hit that UK PM May was to visit Brussels on Monday along with Brexit minister David Davis. May's attendance was previously unannounced and its not clear if she is going along to add weight to Davis' visit , although this seems to be the take on it. GBP has done pretty much nothing here in Asia today, a bit of a wiggle close to the levels it was trading at late on Friday only.

USD/JPY is a few points higher after a slightly lower 'open' in very early NZ/Australia. EUR/USD is little changed after a small range session, USD/CHF is a tad higher on the session.AUD/USD and NZD/USD, again not too much to report in a subdued range. The NZ government formation negotiation and jostling continues.

Data from China over the weekend and on Monday showed continued strong credit growth and a higher than expected PPI result (September).

Over to Europe/UK and then US for what, we can hope, is more activity than we got here today.

Check out the bullets above for plenty of central banker speak over the weekend - and more indications on ECB 'tapering' to come down the track.