Forex trading headlines for Asia Friday 06 June 2014
- New Zealand government’s fiscal deficit was less than expected in April
- Australia AIG construction PMI (Performance of Construction Index) for May: 46.7 (vs. prior 45.9)
- Goldman Sachs on what the European Central Bank policy changes are (and an explanation of some of the jargon)
- Japan’s public pension fund to accelerate a reallocation of its portfolio
- China Banking Regulatory Commission: Government will maintain its official “prudent” monetary policy stance
- World Bank report: Sees signs of improvement in the Chinese economy
- AUD traders heads-up – China data coming out over the weekend
EUR tracked sideways in Asia today after the ECB decisions overnight. GBP and CHF – same.
Yen crosses trickled a little lower with USD/JPY off around 20 points at the most before recovering about half this.
Kiwi, too, had a tight range, sneaking back to around 0.8482 before moving back up towards 0.8500.
AUD/USD tracked pretty much sideways too, drifting marginally lower from NY highs.
Asian equities were mainly slightly higher (as of writing: Hong Kong Hang Seng +0.3%; Sydney S&P/ASX 200 +0.7%; Thailand SET +0.2%; Jakarta Composite +0.2%; Tokyo Nikkei 225 -0.2% … one of these things is not like the other), the markets awaiting the NFP figures tonight.
