ForexLive Asia FX news: Small ranges for the first session of the new week

Author: Eamonn Sheridan | Category: News

Forex and Bitcoin news for Asia trading Monday 14 May 2018

But first - check this out ladies and gentlemen!

Currencies maintained limited ranges for Monday here in Asia with not too much in the way of fresh drivers to hit over the weekend.

Asian currencies were active, though:

  • PHP hit a 12 month low
  • The Malaysian Ringgit fell at the opening of the week's trade but has bounced (response to Justin's day off the Malaysian election) and Malay stocks hit a 4-month low)

OK, back to the others. Like the title says, small ranges. The USD a touch weaker with the CPI data from late last week cited as a weight still. EUR/USD tested its Friday high above 1.1965. AUD/USD was also a tad up on the session, getting above 0.7560 at one stage. EUR/JPY edged a bit higher, USD/JPY little changed at all on the session net.

USD/CAD dropped in the early movements, the NAFTA headline impacting (see bullets above)

Still to come:

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