- New Zealand Q2 CPI +0.3% QoQ
- Fed’s Lacker: US economic recovery is sustainable
- French PM Fillon - in defence of the EURO
- AgBank fails to impress on the Hang Seng launch
- Nikkei falls on Retail Stock Investor Sentiment as it hits 7-month low
- Japan FinMin Noda speaks !
- And so does China’s PM Wen…full of inspiration that all will be well
Yet again the action overnight left Asia playing the bridesmaid again; the attempts at the highs in US were not attempted in this session as the market absorbed ans saw little action with exceptions of the AUD and JPY.
The AUD drifted continuously in a slow grind down to a low of AUD/USD 0.8759 and as I write the USD/JPY is testing 87.00 for the second time
The other majors traded narrowly
EUR/USD 1.2903/51 ; EUR/JPY 112.27/113.21, trading down with the strengthening Yen
USD/JPY ranged 87.00/52 where the price slid with a soft Nikkei after the poor investor sentiment poll ( Nikkei down 2.2%)
Cable, uneventful, ranged 1.5409/66 and USD/CHF 1.0406/33
GOLD 1207.70 and OIL ( Light Crude – August) $76.45