- Tsunami alert issued after M7.3 earthquake
- BoC monetary policy tightening will drive the CAD higher against the USD, EUR and JPY
- Another survey of Australian business shows conditions dropped in Q4
- ANZ on gold and inflation expectations
- Fed's FOMC meeting preview -
- Goldman Sachs are watching the FOMC dot plot for near-term USD direction
- PBOC sets USD/ CNY central rate at 6.3675 (vs. estimate at 6.3615)
- Toyota has extended its production line stoppages in Japan due to ongoing shortages
- Australian November business confidence 12 (prior 21) and conditions 12 (prior 11)
- Analysts says China authorities expected to set a GDP growth target of around 5% in 2022
- A cautious near-term outlook on NZD - forecasts nudged lower
- US Senator Manchin and US President Biden had a 'productive' conversation on Monday
- Moody's says the Fed's FOMC will be walking a fine and dangerous line this week (preview)
- Australia weekly consumer confidence 108.0 (prior 107.5)
- California will reimpose indoor mask mandates in public settings from Wednesday
- New Zealand Food Price (inflation) for November -0.6% m/m (vs. prior -0.9%)
- Trade ideas thread - Tuesday 14 December 2021
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: