ForexLive Asia FX news wrap: Asia digests the NFP

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Monday 7 August 2017

Weekend:

The USD maintained its post-NFP Friday gains in Asia to open the week here in Asia, but with small retracement. Ranges were subdued.

EUR/USD ticked a wee bit higher, halting around 1.1800 while USD/CHF slipped a little to under 0.9720. Cable didn't do a whole lot more, its above 1.3050 as update.

USD/JPY has had around a 15 point range only.

USD/CAD was very subdued indeed, while AUD/USD ticked about 15 or so points up from its late Friday level. NZD/USD was held in check by some AUD/NZD buying (small, but enough), keeping below 0.7415 for much of the session and straddling the figure as I update. A monthly update from the New Zealand Treasury and Inflation expectations data from the RBNZ provided little impetus.

Gold is awaiting cues, its done very little indeed.

Data flow here in Asia today was light, and confined to lower-tier importance. There is some potential market-moving data and speakers on the docket still to come in Europe/UK and USA today:

Regional equities:

  • Nikkei +0.62%
  • Shanghai -0.17%
  • HK +0.34%
  • ASX +1.03%