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ForexLive Asia FX news: USD a few points stronger today

Forex news for Asia trading Thursday 27 October 2016

Not a lot to report on the forex today, some across the board, but very shallow, USD strength on a day of nearly zero news and data.

We did get NZ trade balance, with a dip in exports below expectations seeing the deficit widen. We also got Q3 terms of trade information for Australia, with a big beat on export prices giving us a most improved ToT for 5 years. The recovery in commodity prices means the improvement is not really a surprise, but the extent was a bonus.

The US dollar has shown a small degree of strength nearly across the board in Asia, EUR, CHF, GBP, AUD all a little lower. AUD the biggest of these small losers.

NZD/USD has hung in there, though, pretty much unchanged on the session. USD/JPY has dripped a little lower after topping above 104.60 earlier in the session.

The ranges in all, though, were very subdued.

Gold and oil are little changed.

Regional equities lower today:

  • Nikkei -0.58%
  • Shanghai -0.34%
  • HK -1.22%
  • ASX -0.76%

Still to come:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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