ForexLive Asia FX news wrap: USD carries on just a little softer here

Author: Eamonn Sheridan | Category: News

Forex and Bitcoin news for Asia trading Wednesday 10 October 2018

Currencies generally (not all) continues their US time gains against the US dollar here during the Asian morning. EUR, AUD, NZD, GB, CHF all gained slowly, adding on on not too much (this is Asia after all).

The Australian dollar was helped along by a slightly improved consumer confidence result in the most recent data, but its not as if the small change gave it too much of a boost, a weaker USD was the more weighty factor.

Currencies have stopped rising as I post this update.

There was no news of impact. We got some comments from a Fed President (Williams, NY).

Data was the Australian consumer info, already mentioned, NZ spending (higher on the month) and Japanese machinery orders, a huge beat and a big positive for capex going forward. Speaking of Japan, the yen did very little today. While other currencies added a little strength yen has been barley net changed.

The PBOC weakened the CNY against the USD again today, not by much but enough to take CNY to its lowest against the big dollar at the setting since mid-March of 2017.

Still to come:

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