The forex trading headlines for Asia trading today: Friday September 06, 2013
- AIG construction PMI for August: 43.7 (vs. 44.1 prior) and more details here
- Australian election tomorrow, Saturday September 7
- Australian election – Abbott says his government would let the federal deficit blow out
- Obama Seen Delaying Fed Choice Until After Syria Vote
- Berlusconi has a video message prepared that could announce a decision to bring down Italian Prime Minister Enrico Letta’s coalition government
- China’s Xi: China to deepen exchange rate, interest rate reform
Not a lot of economic data nor news today in Asia.
EUR and CHF all found a little bit of strength, all of about 20 points against the USD, but GBP showed a bit more of a bounce from the US closing levels, up around 30-odd points at one stage.
The Nikkei fell in the Tokyo morning, the selling on the TSE notably on construction & real-estate stocks as longs took some profits ahead of this weekend’s scheduled announcement of the 2020 Olympics bid winner. USD/JPY was dragged down with the Nikkei, with Japanese exporters notable sellers too.
The AUD was very quiet ahead of tomorrow’s election and tonight’s NFP.
NZD managed to gain around 30 points through the session before popping through stops above 0.7910. NZD buyers seen against both the USD and AUD.
Overall a quiet Friday session with the focus on the upcoming NFP.
