Forex news for Asia trading Friday 15 May 2015
- Bank of Japan (BOJ) Governor Kuroda - CPI 2% likely around 1st half FY2016
- Comments from China Premier Li
- Are you a risk taker? Take the quiz to find out!
- How central bank currency swaps work
- China April FDI up 10.5% y/y (expected was +2.0%)J
- Bank of Korea leaves rates on hold
- NZD/USD lower - Fonterra news
- Is market uncertainty & subsequent volatility a good reason for the Fed to hike in June?
- Comments from Japan economy minister Amari on fiscal reform, growth
- FOMC Minutes likely to be seen as dovish by the markets
- Japan data - April PPI: +0.1% m/m (vs. +0.1% m/m)
- Next week we get the ECB's version of the Fed's Jackson Hole conference
- 73% of economists see Fed rate rise in September ... market disagrees
- Former Goldman Sachs Carney heads the Bank of England, another set to join UK Treasury
- Poll says Fed will hike in September
- Is the housing market in China showing more positive signs? Turnaround coming?
- Fed: U.S. economy's dismal first quarter was not a statistical fluke
- Stocks in US rise by greater than 1% on the day
- The strongest and weakest currency for May 14, 2015
- BOC's Patterson: BOC looking 'seriously' at inflation target
NZD and AUD the stars of the Asian session again!
It was a very light news and event flow day, EUR, GBP, CHF all little changed on the session.
USD/JPY chipped out a bit of a gain, up as high as 119.50 before settling sideways around and under 119.40.
NZD and AUD both had big, sharp falls. An announcement from Fonterra of a boost to dairy offerings at auctions was the catalyst. AUD/USD saw macro fund selling, with some stops triggered then below 0.8050 before local stepped in with buying. It saw a 15 or so point bounce before settling around 0.8060. NZD/USD, similarly, triggered stops through 0.7480 and dipped to below 0.746o before a bounce.
