- Chinese Yuan set at new record high versus the USD below 6.5900
- Japan’s December CGPI +1.2% YoY
- Brazil take extra steps to curb rise of BRL
- China eases corporate rules for CNY
- Rumours that China may hike rates again this weekend
- Singapore introduces new property controls
- Nikkei -0.3%, Singapore -0.6%, Shanghai -1%; Seoul, HK +0.4%.
- Gold $1376/oz, Oil $91/bbl
It has been a dreadfully slow trading session in Asia after some big moves overnight. EUR/USD closed in NY at 1.3350 and has seen some mild profit-taking and some EUR/JPY selling out of Tokyo. EUR/USD nevertheless closes the session pretty much unchanged on the day after a range of 1.3323/66, EUR/CHF 1.2850/81
AUD/USD has been similarly slow. It fell to its session low on the China rate hike rumours but apart from that there has been no interest whatsoever in a .9952/92 range.
USD/JPY has ground its way lower on some modest profit taking in the JPY crosses. Ranges: 82.55/83
Cable has traded 1.5823/48, EUR/GBP .8417/38.
