ForexLive Asia FX news wrap: Small ranges prevail

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Tuesday 26 March 2019


Early news and data flow came from Australia and New Zealand with an RBA speaker and the NZ trade balance for February. More in the bullets above. AUD and NZD traded a little stronger for the session but NZD has reversed all its (admittedly small) gain and the AUD nearly so.

And so to the bigger news, the UK parliamentary votes on Brexit matters (what else?). Parliament voted to open up consideration of other options for Brexit, not just the current government plan. Its difficult to foresee with much certainty how this plays out, Labour leader Corbyn was reportedly already putting forward consideration for another referendum. Plenty more in the bullets above.

Like AUD and NZD, GBP had a bit of an up move but has since given it back to be barely changed for the session here.

The yen weakened a little during the Tokyo moning, USD/JPY gaining from around 110.00 to above 110.20 briefly before it, too, gave it all back and is now more or less flat for the session. EUR, CHF have done little. USD/CAD is down a few points only.

Japanese stocks bounced today, but beware ex-dividend moves coming up later this session.Chinese stocks were down.  

Nikkei chart:

Forex news for Asia trading Tuesday 26 March 2019

Still to come:

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