Forex news for Asia trading Friday 12 June 2015
- Australia - Credit card purchases and balances for April
- China Business News: Shenzhen lenders cut discounts for first-home mortgage rates
- Rate hike lift-off plans; June, September? Where's your Fed at?
- Japan finance minister Aso: Won't comment on FX levels
- China credit data better ... but 'more easing is still necessary'
- Japan's Amari: Can't have fiscal health without economic revival
- Japan press: BOJ board member Harada says no rush for more stimulus
- Economist says Greece will agree a deal - "they don't have a choice"
- Mutual fund assets in Japan reach record
- New Zealand Food Price Index for May: +0.4% m/m (prior -0.3%)
- New Zealand - Business NZ manufacturing PMI for May: 51.5 (prior 51.8)
- German government preparing for Greek state bankruptcy - Bild report
- EUR/USD sell recommendation from Nomura
EUR/USD moved lower in the early going today, headlines from an advance copy of a Bild article (see bullets, above, but here's the link anyway) reporting the German government is preparing for a Greek government bankruptcy weighing on it. From an early high I saw around 1.1275 it slipped toward 1.1230 (stop laughing, this is Asia FX ranges we are talking about) before settling sideway around 1.1250/60.
USD/JPY gained from the early lows, putting on around 25 points before settling around 123.50.
Cable had a subdued 20 or so point range; its in the upper half of the range as I update. Meanwhile, USD/CHF is on the lows its very narrow range session .
AUD and NZD did little to enliven the session, both are mid-range on a lackluster day.
Oil is a few cents lower on the day, gold went nuts (relax, I'm kidding), its up maybe a dollar from where I walked in.
Still to come!
- Greetings all ForexLive traders - stay tuned for a BIG announcement at 0830ET