Forex news for Asia trading Thursday 25 June 2015
- RBNZ data today shows NZ property investment lending +7.6% in May
- Comments from PBOC: Says liquidity ample
- China press: PBOC unlikely to cut rates, RRR this month
- Goldman Sachs note on Ukraine - may default in July
- Australia data, Job vacancies +2.1% q/q (vs. +1.4% prior, revised from +0.8%)
- China - PBOC to inject liquidity today
- Chinese authorities announce plans to remove a lending limit on commercial banks
- Talk of timing for the next easing from the Chinese government
- EUR/USD forecasts from ANZ
- Greek govmt official - Greek government remains fixed in its position
- Greek talks in Brussels ends
- Japan Government Pension Investment Fund comments on yen exchange rate
- Central banks slash interest rates, companies still not investing. Here's why.
- Fed hikes - think you're ready? You're not ready - Goldman Sachs
Talks in Brussels on Greece finished with nothing in the way of fresh information hitting the markets except to say the talks kick off again from 0400GMT (technical staff) and 0700GMT (political leaders) on Wednesday.
News and data flow was then quiet in Asia until China kicked off - the PBOC added liquidity to the market for the first time since mid-April.
AUD and NZD led the way for currency market activity, both gaining on the session, AUD/USD has retraced much of its overnight fall (still short of the overnight high, though), while NZD/USD is back above 0.6900. It faces stiff resistance from here, though.
EUR/USD gained a few points, EUR/JPY though dribbled a little lower as USD/JPY took a tumble from above 123.90 toward 123.60 again.