Forex news for Asia trading Thursday 20 August 2015
China
- MNI China Business Sentiment +17% in August (prior 48.8)
- People's Bank of China (PBOC) sets yuan reference rate at 6.3915
- Nomura says China RRR cut 'still possible' in August
- IMF freezes benchmark currency basket, defers any yuan addition
Responses to the FOMC Minutes:
- RBS on the FOMC Minutes, still calling September
- More responses to the FOMC Minutes - Citi says Fed 'heavily divided'J
- More responses to the FOMC Minutes ... CIBC still call for September
- September US rate hike? Fuggedaboudit says BNP
- New Zealand - ANZ Consumer Confidence Index for August: -3.6% m/m (prior was -5.0%)
- Fed's Kocherlakota comments - Drop in neutral rates adds to fin stability risks
- Japan - Reuters Tankan - manufacturers index hits 12 month high
- New Zealand - ANZ Job Advertisements for July: +0.1% m/m (prior was -0.5%)
- RBA head Stevens blames the politicians for holding Australian economy back
- Glencore CEO - " ... none of us can read China"
- Trade ideas thread for Thursday 20 August 2015
- JPMorgan, Goldman Sachs, Morgan Stanley to form data company
Post-FOMC Minutes USD selling continued in Asia this morning, but the move was not large. EUR, GBP, CHF, AUD and NZD all gained as Singapore and Hong Kong markets opened for the session, but soon settled sideways to lower.
AUD weakened most (thought GBP also weak) after the early rallies, with little in the way of fresh news. NZD remained relatively well bid.
The People's Bank of China set the yuan a little stronger for the session, though stocks in China opened lower after the afternoon rally yesterday. A surprise jump in business sentiment from the MNI survey didn't translate into a bid for the stockmarket in China.
Oil traded sideways after the weakness overnight ... very little bounce in it at all. Gold, on the other hand .... traded higher in Asia, back through $1137 as I update.
Still to come ...
- The Fed's John Williams speaks at 0645GMT