The forex trading headlines for Asia Friday 6 December 2013
- Australia – AiG Performance of Construction Index for November: 55.2 (vs. prior 54.4
- Qantas foreign, local currency debt cut to junk by S&P
It was a quiet session for the currencies ahead of the NFP in the US tonight (don’t forget to get your entries in). EUR, GBP and CHF were all flat.
USD/JPY traded 30 points higher into the Tokyo fix, but once that had passed it drifted back, losing half of its gain and settling around 101.80.
AUD was very quiet, but had a sharp 30 point drop on the Qantas downgrade (see bullets, above). It was only a struggling airline that was downgraded, not the whole country, and the AUD bounced back nearly as rapidly, recovering most but not all of its loss.
NZD mirrored the AUD, but late in the session it plumbed new lows, back below 0.8200 as of writing. New Zealand, after all, is only the second best country in the world in which to do business