Forex news for Asia trading Tuesday 15 August 2017
- RBA minutes - responses coming in
- US Retail Sales data for July due Tuesday morning US time - preview
- That's 3 now: Intel CEO Krzanich has resigned from Trump's council of business leaders
- Australia politics - threats to the government's hold on power increase
- PBOC conducts MLF lending operation: 399.5bn yuan, at 3.2%
- RBA minutes: Further rise in AUD could lead to slower growth, lower inflation
- Japan finance minister Aso: There is room for capex to grow
- PBOC sets USD/CNY reference rate for today at 6.6689 (vs. yesterday at 6.6601)
- China's Property Slowdown Means Peak of Growth Cycle Has Passed
- Trump to sign executive order Tuesday on environmental reviews & infrastructure
- North Korean tensions continue to subside - yen lower - update
- Australia ANZ-Roy Morgan Consumer Confidence: 111.7 (previous week 113.7)
- WSJ: North Korea has decided not to launch a threatened missile attack on Guam
- Britain will propose setting up an interim customs agreement with EU after Brexit
- NZ PM English: RBNZ does not need any further tools on housing
- Oil trading 'god' Andy Hall blames robots for challenging fundamental investing
- Australia press: "My greatest fear for the Australian economy is starting to take place"
- North Korean leader Kim Jong-un has been briefed on plan for Guam missile strikes
- Goldman Sachs on the threat bigger than North Korea looming for risk assets in China
- Heads up for NZD traders - dairy auction coming up Tuesday (London time)
- It's a girl! Welcome to the world Collette.
- Trade ideas thread - Tuesday 15 August 2017
- AUD traders - RBA minutes due today, preview
- S&P index ends the session up 1.00%. Nasdaq even better.
- Economic data due from Asia today - RBA meeting minutes
The Wall Street Journal carried a story saying North Korea has decided not to launch a threatened missile attack on Guam
In response the yen weakened, with USD/JPY gaining from circa 109.70 steadily up through 110.20 where it has since steadied. Yen crosses traded higher alongside.
News a little later crossed concerning US President Trump to sign an Executive Order on Tuesday "establishing discipline and accountability in the environmental review and permitting process for infrastructure projects". US equity futures greeted this positively, trading higher on 'overnight' exchange.
The positive 'risk' environment did the AUD no harm, it is up on the session )though the range has been small only). Reserve Bank of Australia August meeting minutes reiterated the RBA views made in the subsequent SoMP (out on the Friday following the August Board meeting) and later speeches/comment from officials including Governor Lowe.
NZD/USD is higher, too. NZD traders - heads up for the dairy auction today in London time - prices expected 3 to 4% higher.
Elsewhere, net change has been negligible for EUR/USD, USD/CHF, USD/CAD and cable. Gold has lost some ground while oil has steadied a little after its US-time falls.
The PBOC stengthened the CNY against the USD today at it daily mid-rate setting, for the first time in 6 days; the Bank also conducted a one-year MLF operation (see bullets above).
Regional equities:
- Nikkei +1.23%
- Shanghai +0.64%
- HK +0.40%
- ASX +0.68%
Still to come: US Retail Sales data for July due Tuesday morning US time - preview