It was a mixed session for major FX rates here during the Asia session. The USD has added gains most noticeably against the AUD, EUR, GBP and CAD. USD/JPY is more or less net unchanged on the session while USD/CHF has inched a little higher.

News and data flow was light. We did get the monthly National Australia Bank business survey that, on balance, was positive. Conditions improved while confidence did ebb, but after a big surge higher the previous month. Selling of AUD against NZD provided some support for NZD/USD, but its net a touch lower on the session regardless.

It was an interesting session in China for tech stocks, with shades of ‘crackdown’ weighing. This time around it was China's Internet watchdog CAC interview ing China's social media platform Sina Weibo (China’s Twitter equivalent) over allowing “prohibited” information to show up on accounts. The firm was told to immediately rectify the situation and to deal with those responsible. The firm was also fined close to half a million USD equivalent. Tech indexes were sold off in China on this.

AUD/NZD sell flows during the session took it down:

14 December 2021 aud nzd chart