Forex news for Asia trading Wednesday 8 November 2017

The day kicked off (actually it was more the day ended in North America) with the private oil inventory surve;, oil dropped a little and has pretty much held its losses (it bounced a bit).

And then it really started a couple of hours later when news crossed that

Yikes ... the USD took a bit of a tumble (not too much, this is AsiaFX after all).

EUR/USD popped back above 1.1600 (eventually) but has slid back under as I update. USD/JPY dropped away a little, from just under 114 it traded to under 113.70 (also eventually) and is circa 113.80 as I update.

Further news centred on politics - US election results and President Trump speaking in South Korea, but not managing to get in a visit to the DMZ (see bullets above).

Cable has gained a few points net on the session while USD/CHF is the inverse, down just a few. AUD/USD and NZD/USD were a little more active. Both recorded small gains when the USD weakened but have since given back a little (likely related to the China October trade data misses, which elicited a little selling). A small range for each though and they are pretty much both just under mid-range as I update.

The Reserve Bank of New Zealand announcement is due at 3pm NY time Wednesday - stay tuned for that! Previews: