Forex trading headlines for Asia Thursday 25 September 2014

The big mover on the day was the NZD, dropping to just below 0.8000 for the first time in … well, a long time, on the back of comments from RBNZ governor Wheeler in a written piece (see bullets, above). He hinted (again) at intervention and so forth and really sent a scare through NZD longs. The NZD/USd dropped 70-off points in quick time and sits, bounceless (is that a word?) around 0.8000 as I type.

The Australian dollar fell along with the Kiwi, though not to the same extent. RBA governor Stevens had some comments reported, too (see bullets, above).

EUR/USd tracked pretty much sideways in a barely discernable range until comments from ECB president Draghi crossed the wires. His comments were nothing new, but they knocked around 12 points or so off EUR/USD. It sits on session lows as of now.

USD/JPY tracked higher early in the session, but the selling ahead of 109.50 held it (and just above 30 was the high).

GBP and CHf – not much in the way of action to report, both marginally weaker. USD/CAD put on a decent range for the session, for a net climb of around 20 points.