We seemed to spend all weekend keeping track of the various news and comments … I posted a summary here:
Loads of FX-related comments from central banks and others over the weekend – all in one place
Of note for AUD traders was the points around China … most notably:
- China – PBOC economist says no need for big stimulus
- (there’s a further, ungated article re Ma Jun’s comments at the Wall Street Journal, here: China Central Bank Official: No Major Stimulus Needed in ‘Foreseeable Future’ )
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Meanwhile, yen crosses continue to slip (earlier post here), USD/JPY lower again now:
Noting again … Liquidity is, of course, very thin at this time of the FX week, with only New Zealand and Australia interbank active. And its going to remain thinner than normal for a few more hours as Tokyo is on holiday today. A degree of normality will return in a few hours once Hong Kong and Singapore come online (i.e wake up and get into the office).
