- Very quiet session in Asia ahead of the long weekend in the US
- German lawmakers say Greek exit from EZ would be manageable
- Bank of Korea leaves rates unchanged
- China’s end-2012 FX reserves $3.2 trillion
- PBOC sets USD/CNY mid-point at 6.3201; some rumours that band may be widened in next few weeks
- Regional equities +0.5% on averaqge; Nikkei +1%
- Gold -0.3% to $1642.50/oz; Oil +0.7% to 99.70/bbl
The NZD was the main mover today, as it gave back some of the week’s big gains. The buying was on the back of insurance-related paymenst and reports yesterday that these payments had dried up, proved accurate. The NZD lost ground against the EUR and the USD, and also dragged the AUD a little lower. Ranges: AUD/USD 1.0300/38; NZD/USD .7895/.7951
EUR/USD spent 6 hours inside a 15 pip range but is edging closer to the overnight high as the session nears an end. Heavy sell orders are noted 1.2850/60 with large stops above 1.2870. Ranges: 1.2808/36
Cable 1.5328/49; USD/JPY 76.71/83; USD/CHF .9431/49
