ForexLive Asia FX news wrap: AUD, NZD, regional equities - down

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Wednesday 13 March 2019  

Brexit news flow petered out in the early morning here, unlike Tuesday where it kept on coming! After the big drop for GBP during Europe/UK time and the swings during US time movement here for the currency was more restrained, relatively at least. Cable has tip-toed a little higher, to a top under 1.3095 for the session. Buckle up for action as the UK parliament and Brexit moves begin all over again.

Forex news for Asia trading Wednesday 13 March 2019  

The Australian dollar slid for the day, on a poor mood for risk but also on a poor result for the monthly consumer sentiment survey from Westpac. Weaker consumer confidence had been foreshadowed in the weekly ANZ data so the drop in WPAC data did not come as much of a surprise at all, but nevertheless, AUD/USD lost ground, down to lows circa 0.7050. NZD/USD fell also.

Yen benefitted from some favourable flow, USD/JPY trickled to circa 111.15 but is back above 111.25 as I update. Data today was not positive for the yen, but is unlikely to sway the BOJ from a steady course at their meeting this week (Statement due Friday).

Gold traded higher, as did USD/CAD. USD/CHF is barely changed on the session, as is EUR/USD. 

  • Nikkei -1.45%
  • Shanghai -0.37%
  • HK -0.58%
  • ASX -0.48%

Still to come:


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