- RBA thinks global economic growth likely to weaken
- AUD rallies moderately after slightly less dovish minutes- full text
- UK consumer confidence improves from previous month’s record low
- FinMin Azumi: No formal decision to buy Chinese government debt; still has full faith in USD
- Buba Nagel: ECB bazooka not the solution to EU crisis
- Regional stocks +0.5% on average
- Gold $1600/oz; Oil $94.25/bbl
Another total snore-fest in Asia with 20-pip ranges in EUR/USD and 10 pip ranges in USD/JPY, really not worthy of a mention.
The AUD and the NZD were again the only currencies to make any move. The AUD got a lift from the perhaps less-dovish than expected RBA minutes, managing to rally from .9895 earlier in the day to highs near .9940. Solid selling interest managed to cap the AUD/USD. The NZD/USD again saw corporate buying interest on the approach to .7520, and it was the days big winner, rising by 0.75%. Ranges: AUD/USD .9889/.9940; NZD/USD .7542/.7605.
