ForexLive Asia FX news wrap: Dovey Fed’s Clarida, lower USD

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Friday 11 January 2019

Federal Reserve Vice Chairman Richard Clarida spoke in New York Thursday evening, staying on track with the dovish remarks from other Fed officials made throughout the (US Thurs)day. 

Also supporting risk here in the time zone was news that Chinese Vice Premier Liu He, who is also the official in charge of trade negotiations, will visit the US on January 30 and 31 for further trade talks (obviously at a higher level than this week's talks).  

That was pretty much it for market-relevant news. EUR, AUD, NZD, CAD all gained against the USD. As did the onshore yuan, it headed higher against the USD also, towards a 6 month high.

Data flow today from New Zealand, Australia and Japan. Australian retail sales came in at a beat, the Australian Bureau of Statistics citing solid results fro 'Black Friday' sales, which could result in sales being pulled from the December results. Nevertheless, a positive for the consumption component of Q4 GDP at this stage.

Japan data disappointed, the yen gained a few points regardless, down 25 odd points from circa 108.45 highs (and 108.50 late US time)

Still to come:

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