Forex news for Asia trading on
Regional equities had another positive session today, China and Hong
Kong rising following the lead of Wall Street on Wednesday. Japanese
markets were closed for a holiday and will be again tomorrow.
US overnight equity index futures rose on Globex but have been
sideways the past couple of hours. Oil tracked mainly sideways.
FX space was characterised by small range trading. USD/JPY has
drifted from highs just under 110.30 to peek just under 110.10 and is
only just above here as I post. Ahead of the ECB policy meeting
EUR/USD barely managed a 10 point range just under 1.1800. NZD/USD
has drifted 20 or so points down from early highs circa 0.6970 while
AUD/USD is little net changed. Little change also for USD/CAD and
and data flow was light but should pick up with the European Central
Bank statement and Lagarde’s news conference still to come on
NZD/JPY turned a little lower: