Forex news for Asia trading Friday 21 July 2017
- Heads up AUD traders - another RBA speech due soon (0415GMT)
- New Zealand Credit Card Spending (June) +0.2% m/m (prior +0.9%) & +8.3% y/y (7.6%)
- RBA's Debelle: Australian rates do not have to rise in line with global peers
- Heads up for an RBA speech due at 0240GMT
- NZ fin min says he is unperturbed by NZD strength
- "The gold market is walking a fine line"
- WaPo report: Trump said to ask about pardon power for aides, family, himself
- PBOC sets USD/CNY mid-point today at 6.7415 (vs. yesterday at 6.7464)
- What's on for the weekend? Anyone trading bitcoin?
- DB on the RBA's neutral cash rate at 3.5%. .. Nah (& probably added a LOL too)
- Bill Gross on central bank hikes ... urges caution
- Turkish earthquake has triggered a tsunami -
- IMF head LaGarde: Greek deal only effective if makes debt sustainable
- USD/CAD: All Eyes On Canada CPI On Friday; Key Level To Watch - Credit Suisse
- Magnitude 6.9 earthquake off Turkey
- EUR technical analysis chart - support levels & target
- IMF approves (in principle) $1.8bn standby loan facility for Greece
- HSBC on the Australian jobs report - what it means for the RBA (spoiler - rate hike!)
- BOJ says goodbye to two persistent dissenters
- Australia press: "False alarm on new RBA 'normal' rate"
- Forexlive America FX news wrap. Draghi can't keep the EUR down
- Oil - Russia, Venezuela discuss Citgo collateral deal to avoid U.S. sanctions
- More China comments on steel - US/China had in-depth discussions on cutting capacity
- It's the Friday 21 July 2017 trade ideas thread!
- Goldman Sachs on the BOJ & Kuroda - 'exit from QQE now looking more remote'
- Nasdaq up for the 10th day in a row, and new record but just barely
- Economic data due from Asia today
The Australian dollar was the big mover today. I drifted lower throughout much of the morning and into early Sydney afternoon, down nearly 50 points from its overnight high before edging back 15-odd points on a little bounce. A speech then from Guy Debelle, Deputy Governor of the Reserve Bank of Australia saw it drop another 50-odd points in a very sharp fashion - Debelle winding back comments in the minutes earlier in the week relating to rates 200bps higher than the current cash rate. More details on Debelle here:
NZD/USD had a bit of a wiggle earlier on comments from New Zealand's Finance Minister Steven Joyce pointing out the positives of the strong NZD.
NZD/USD popped above 0.7420 (from around 0.7400 where it had been most of the session. The currency has since fallen back a few points within this small range.
USD/JPY had a small range also, from lows around 111.80 its edge back above 112 and then revisited towards those lows on some US political news
Its currently back around 112 as I post.
EUR, CHF and GBP have been all been confined to small ranges with little to note. Add USD/CAD to this list.
Regional equities:
- Nikkei -0.20%
- Shanghai -0.21%
- HK -0.23%
- ASX -0.21%
Have a great weekend all!
