ForexLive Asia FX news: Last week has been cancelled - back to normal now zzzzzz

Author: Eamonn Sheridan | Category: News

Forex and Bitcoin news for Asia trading Tuesday 13 February 2018

The notable news and data for the day was from Australia, with an RBA speaker and business conditions/confidence data:

The data was very encouraging, again and maybe supports RBA's Ellis in her contention that wages will rise faster ... eventually. The Australian dollar was an outperformer (which is not saying much given the more or less flat lines elsewhere). AUD/USD ticked its way higher and is above 0.7870 as I update. It had a good overnight session, continuing on here locally today.

NZD/USD is up a little on the day also; it found some sellers lurking above 0.7265 which held on the day.

USD/JPY, EUR/USD USD/CHF, cable ... all little changed on the session.

USD/CAD lost a few points late in the North American day and has barely budged since.

PBOC injected funds with a one year medium term lending facility today, providing plenty of liquidity pre-Lunar new year holidays


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