Forex news for Asia trading Thursday 16 October 2014
- New Zealand – dairy auction result
- US Treasury Currency Report – “No major US trading partner has manipulated exchange rate”
- New Zealand – ANZ job advertisements for September: +2.4% m/m (prior was +1.4%)
- New Zealand – BusinessNZ manufacturing PMI for September: 58.1 (prior was 57.0)
- Moody’s: Ireland’s expansionary budget is a credit negative
- Australia data – Consumer inflation expectations for October, +3.4% (prior +3.5%)
- Bank Of New Zealand forecasts Fonterra 2014-15 payout at NZ$4.90/Kg
- Australia – September RBA FX transactions
- China press: September power consumption +2.7% y/y
- China’s largest property developer expects Q4 sales to rebound, but prices to fall
- China data – Foreign Direct Investment for September: +1.9% y/y (-14.0% expected)
- China – more data – money supply, new yuan loans, aggregate financing
- Mass Panic of SARS Shows Potential Cost of Ebola’s Spread
- Comments from Bank of Japan (BOJ) Governor Kuroda … nothing different so far
- Japan Government Pension Investment Fund asset review still being discussed
So … I hear there was a bit of volatility in the European and US timezones? Really? You sure ‘cause it was smooth sailing here in Asia today …
Currencies didn’t end up much changed today after the overnight gyrations and a bit of a wiggle today. Cable was basically flat from when I arrived for the session. EUR/USD was pretty much the same.
USD/JPY and EUR/JPY had a little movement, EUR/JPY put on a reasonable showing with a 40-odd point range. There was plenty going in Japan today, with comments from Kuroda and also on issue relating to the GPIF but net on the session the yen is mainly unchanged.
USD/CHF much the same, a relatively subdued range, while USD/CAD is up a few tics after a 20 or so point range since I arrived.
AUD and NZD did have some decent gyration, AUD chalking up a 50 or so point range on the session, and finishing 15 points lower for me. NZD/USD is basically unchanged after knocking on overnight highs earlier on and getting rejected yet again ahead of 0.8000.
Gold and oil both relatively flat on the session.
