- BOJ Uchida defending the Bank loose policy - has create jobs, supported economic activity
- Reports the UK is to send armoured vehicles to Ukraine & troops to neighbouring countries
- BOJ's Noguchi: If energy prices rise further it'll boost inflation but dampen economy
- Australia trade balance for February AUD +7.46 bn (expected surplus 12bn AUD)
- PBOC sets USD/ CNY reference rate for today at 6.3659 (vs. estimate at 6.3697)
- European Central Bank minutes are due Thursday 07 April 2022
- Morgan Stanley says has turned neutral on GBP but still think the risk is for lower
- Shanghai reports 20K new coronavirus cases for the day
- Oil, CAD losing some ground in early Asia morning
- Westpac shift their 'lift off' RBA rate hike to June (from August)
- ICYMI - Biden to ban new US investments in Russia
- Australian services PMI for March drops to 56.2 (February was 60.0)
- Asset manager warns oil price spike of this magnitude have always triggered recessions
- IMF says the BOJ is concerned over recommendation to target shorter yields
- China signaled it would loosen monetary policy (State Council readout)
- UK foreign minister says working to eliminate imports of Russian gas and coal (sort of)
- Canada - new oil & gas projects will have to show they can achieve net-zero (by 2050)
- Forexlive Americas FX news wrap: FOMC minutes sure made everyone look stupid
- AUD/USD capped in the short term but the dips will be only modest
- ECB's Nagel says the Bank agreed to make a decision in June
It was a session of minor moves only across the major FX board:
EUR/USD is very little changed indeed, up a few tics. Ditto for cable.
AUD/USD and NZD/USD have both lost a few points and, as I post, have dipped just under their lows seen Wednesday US time. Australian trade figures for February showed a much higher level of imports than was expected (this sent the trade surplus to a miss (see bullets above)). Within the imports data consumer goods and fuel/energy were major contributors, partly reflecting higher prices.
USD/CAD has ticked a little higher, above its US Wednesday high.
USD/JPY dropped under 123.70 and its US-time lows. There have been comments out of the Bank of Japan (see bullets above) but nothing to surprise.
Oil and gold are little changed on the session.