Forex news for Asia trading Thursday 29 June 2017

  • ForexLive is hiring - Looking for a currency analyst to join the team!
  • Fears of Trump being negative on China have faded, says Stephen Roach
  • USD weakens in Asia
  • Australia job vacancies data for May, up 11.4% y/y
  • PBOC sets USD/CNY central rate at 6.7940 (vs. yesterday at 6.8292)
  • Reuters report a group trying to invade Brazil's presidential residence
  • NZ data: (June) ANZ Business confidence: 24.8 (prior 14.9) & Activity outlook 42.8 (38.3)
  • Australia - HIA new home sales for May +1.1% m/m (prior +0.8%)
  • AUD/USD rises 10 points ... I think that needs a post
  • BOJ speaker still to come during the Japanese afternoon
  • Japan - Retail sales for May -1.6% m/m (expected -1%)
  • China Securities Journal: Yuan will be generally stable, “slightly stronger” bias in 2H
  • French budget - officials say spending cuts may be needed
  • NAB on why central bankers have become more hawkish
  • Brexit - Citigroup alerts clients to prepare for likely UK election within 12 mths
  • Following the stress test results, the banks like the banks (buyback bonanza)
  • Trade ideas thread - Thursday 29 June 2017
  • Deutsche Bank have raised their forecast for EUR/USD
  • Fed approves capital plans of all 34 'stress test' big banks

Its Asia ... so we didn't get anything like the moves we saw during Europe/US times but nevertheless there were some notable wiggles around. It was a weaker day for the USD pretty much across the board.

EUR, CHF, GBP all moved up a little further against the USD. News flow related to these was ... well it wasn't. Nothing specific of note anyway.

AUD/USD benefited from improving commodity futures in China (higher on the session), and NZD moved up also. CAD was a bit of a laggard, it has pretty much retraced its gain against the USD as I write.

Speaking of laggards, the yen; USD/JPY did slip a little, but it too has retraced to be little changed on the session,. We got weaker retail sales data released from Japan today, but as is usually the case the currency response to Japanese data was barely perceptible.

The People's Bank of China jacked up the CNY today, it traded to its strongest since November of 2016 today.

Gold wasn't left out - it's a little higher also, as is oil (up a few cents).

And .... the big news of the day ...ForexLive is hiring - Looking for a currency analyst to join the team!

Regional equities:

  • Nikkei +0.54%
  • Shanghai +0.33%
  • HK +0.81%
  • ASX +0.90%