Forex news for Asia trading Wednesday 20 September, 2017
- More from RBA's Ellis: Says she will not speculate on domestic monetary policy
- Swiss toilets clogged with dumped €500 notes (yes, really)
- RBA's Ellis: Australian household debt levels a risk in event of economic shock
- Japan PM Abe said to want to delay achieving budget balance
- China tightens cryptocurrency further - bans BTC exchange heads from travel overseas
- More from ANZ: Raise their forecast for AUD to 0.83
- New Zealand earthquake is not close to Auckland
- Goldman Sachs FOMC preview
- Barclays forecast a weaker EUR, stronger yen (and a weaker AUD, bless 'em!)
- EUR/USD above 1.2010, USD weaker across board (just a wee bit)
- Its FOMC day - here are all the previews all in one place
- People’s Bank of China sets yuan reference rate at 6.5670 (vs. yesterday at 6.5530)
- Option expiries for Wednesday September 20 2017
- SG FOMC preview: "we suspect that those looking for a lower path could be disappointed"
- Australia - Westpac Leading Index for August: -0.08% (vs. prior +0.09%)
- China press says yuan's one-way depreciation trend has ended
- Japan data - August trade balance: Y 113.6bn (expected Y 104.4bn)
- ANZ now expect the RBA to hike rates twice in 2018 (25bps in May, then again in H2)
- British employers economic outlook most pessimistic since Brexit vote
- Death toll now above 100 in the Mexican earthquake
- New Zealand BoP Current Account for Q2: NZD -0.681bn (expected -0.9 bn)
- The FOMC cheat sheet & 5 reasons to expect a weaker US dollar
- MS FOMC preview expects median dots to remain as they were in June, but 'risks'
- Overnight commentary on the RBA - no real hints that it is thinking about raising rates
- ICYMI: Forexlive Americas FX news wrap: Dollar buys time before FOMC decision tomorrow
- Trade ideas thread - Wednesday 20 September 2017
- Ford to cut production at five North American vehicle plants
- UK PM May is prepared to pay 20bn EUR to break the Brexit roadblock
- OIL - private inventory data shows smaller than expected build in US crude inventory
- Pencil this into your diaries - May / Tusk meeting re Brexit next Tuesday
A pre-FOMC day in Asia, pretty much spent waiting on the announcement, due Wednesday afternoon in the US.
There wasn't too much to move the forex markets, and indeed action was subdued. We did get some USD weakness, EUR/USD up 20+ points for the session, with AUD and NZD popping a little also.
US/CHF dipped under 0.9610. Cable had a wee spot of minor weakness early but is now pretty much unchanged for the session. All within a very small range.
There was the odd bit of news about - Japanese PM Abe is said to be going to abandon his goal of achieving a primary budget surplus in 2020, he looks like he'll loosen the purse strings a bit heading into an early election.
Speaking of loosening the purse strings, news crossed earlier of the UK PM planning to fork out 20bn EUR to the EU in order to hasten the Brexit negotiations. Hey, its not her money, she won't be too fussed!
And so we await the FOMC - here the previews: Its FOMC day - here are all the previews all in one place