Forex news for Asia-Pacific trading on October 22, 2018:
- China opens the world's longest sea-crossing bridge
- Emerging currencies now seen as more undervalued than at any point in BAML poll history
- Trump calls Khashoggi's death 'a plot gone awry'
- Gold up $2 to $1224
- WTI crude down 19-cents to $69.17
- S&P futures down 22 points to 2734
- Shanghai Composite -1.4%
- Nikkei 225 -2.4%
- JPY leads, NZD lags
There was little in terms of news flow but skepticism set in, especially after turns lower in Chinese and Japanese shares. Chinese stocks opened flat then quickly went south and that helped pull USD/JPY down to 112.55 from 112.84 at the early highs.
The euro is coming under progressive pressure and slipped below Monday's low and down to 1.1455. Cable remains quiet near 1.2961.
The Australian dollar is under pressure as it slides down to the lowest since Oct 11. It's down 15 pips on the day and has little support down to the October lows at 0.7042.
