ForexLive Asia FX news wrap: Yen a little weaker again
Forex news for Asia trading Wednesday 11 September 2019
- Goldman Sachs flags risks for a higher euro on ECB disappointment
- UK car maker says cannot invest "without knowing what will happen" with Brexit
- RBA responses to questions asked of it in parliament - QE 'unlikely'
- ECB meeting preview - & the risk side for the euro
- NAB expects another two interest rate cuts from the RBA by February 2020
- PBOC sets USD/ CNY reference rate for today at 7.0843 (vs. yesterday at 7.0846)
- FX option expiries for Wednesday September 11 at the 10am NY cut
- South Korea will file a WTO complaint against Japan on export restrictions
- Australia - Westpac monthly Consumer Confidence Index for September: -1.7% m/m(prior +3.6%)
- US wants tight Swiss cryptocurrency regulations - concern on Facebook's Libra
- BOJ may be shifting closer to further easing
- More on BoE Governor Carney's remarks - downside risks to the outlook have increased
- 3 reasons for EUR/USD to fall over the next 3 months
- AUD/USD levels for the session ahead - support, resistance
- The 3 reasons EUR has bottomed against the USD and yen
- Goldman Sachs preview the ECB meeting Thursday - significant easing
- JP Morgan think progress in US-China talks is unlikely
- Brexit - UK press say PM Johnson preparing to back down on his demands
- Dep. Leader of UK Opposition wants Labour to demand Brexit referendum before election
- Deutsche Bank economists forecasting another 100 basis points of rate cuts
- US Senators express concerns about China's potential acquisition of sensitive technologies through Hong Kong
- UK media report PM Johnson again reiterates he will not seek Brexit delay
- US President Trump plans to crack down on Fentanyl shipments from China and elsewhere
- North Korea says it tested super-large multiple rocker launcher under Kim's guidance
- Trade ideas thread - Wednesday 11 September 2019
- Private oil data shows larger than expected draw in headline crude oil inventory
- Time to dust off the 'hawkish cut' outlook - September FOMC to lift the USD
- Goldman Sachs has lowered its forecast for oil demand growth this year
The yen weakened further gain during Asia, albeit in a limited range. EUR/JPY moved to 119 while USD/JPY popped above 107.70. There was further chatter of the BOJ considering further easing, although this is only rumoured at this stage. Of note for news, South Korea is to take action against Japan's export restrictions targeting South Korea with the WTO.
EUR/USD maintained a narrow range and is net barely changed on the session. USD/CHF is a touch higher, again a tiny range. Little change to report for CADr. Gold has managed a small gain on the session.
AUD dipped a little lower. Yesterday the National Australia Bank said they'd be issuing revised forecasts for the RBA on Wednesday; they came through with a dovish outlook indeed (see bullets above). Both AUD and NZD, though, are little net changed overall for the session also.
There were a few Brexit headlines early, parliament has been left abandoned for the next 5 weeks so we have to make do with who said what to who in media reports. Cable is little net changed on the session.