The forex trading headlines for Asia Thursday 9 January 2014
- Moody’s has cut QANTAS rating to junk status
- New Zealand ANZ commodity price index for December: +1.0% (vs. prior was -0.3%)
- Australia November retail sales: +0.7% m/m (vs. expected +0.4%)
- Australia Building approvals for November: -1.5% m/m (vs. expected -1.0%)
- China PPI for December: -1.4% y/y (vs. expected -1.3%)
- China CPI for December: +0.3% m/m (vs. expected +0.4%)
- Bank of Japan member Shirai comments: It is possible to aim for 2 pct inflation at slower pace
A tight range day just about across the board.
EUR/USD tracked sideways around 1.3575
USD/JPY ticked up toward 105 as the Nikkei found some support, but settled back around 104.85.
USD/CHF was a little more consitent, ticking higher toward 0.9120
The CAD continued its weakening ways, USD/CAD grinding from around 1.0805 to 1.0835 on the session.
AUD/USD popped on the Australian retail sales and building approvals data early in the day but lost ground later in the session.
I am having a great deal of trouble connecting to the ForexLive site, hence the truncated wrap. Sorry about that.
I’ve finally managed a connection through a proxy into the UK, but its terribly slow …
