Forex trading headlines for Asia Tuesday 25 February 2014
- Japan Corporate Service Price Index for January: 0.8% y/y (vs. expected +1.2%)
- Italian PM Renzi has won the confidence vote in Senate
- Australia ANZ Roy-Morgan weekly consumer confidence -1.6% w/w
- Australian Treasurer Hockey: Very confident Australia is close to landing a free trade agreement with Japan
- BOJ deputy governor Nakaso: Downside risks involving overseas economies receding as a whole
- China – Yuan slides 0.35% to 6.12, biggest drop in two years more on the yuan slide here
EUR – not a lot to report on it during the Asian session today. EUR/USD stable around 1.3730/35 or thereabouts.
Cable crept a wee bit higher.
USD/CHF put on an exhibition of planking. USD/CAD was so impressed it joined in.
AUD/USD and NZD/USD – neither had a whole lotta shakin’ goin’ on, both coming off a few points as the jitters out of the weakening of the Chinese yuan continued (see bullets, above). Little follow-through for either, though and we ended up with narrow ranges on both.
USD/JPY fared little better, a narrow-range sideways day around 102.50.
