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ForexLive Asia FX news wrap: AUD the outperformer today

Forex news for Asia trading Thursday 5 May 2016

The AUD was an outperformer today, despite softness in iron ore and rebar in China today. It was helped along by some better data releases;, new home sales bouncing strongly after a decline last month, the monthly retail sales data beating expectations (while price stability perhaps holding back the quarterly result) and the trade deficit falling after exports surprised higher on the month. AUD/USD is stalling ahead of 0.7500 as I update, it'll be a bit of a hurdle for it.

NZD/USD is net higher on the session also, though not to the same extent as the AUD.

USD/JPY was relatively quiet, with a 30 or so point range for the japanese holiday Japan is back in on Firday).

EUR and CHF are both subdued, EUR slightly outperfoming. Cable has edged higher, though only a small range.

Oil prices rose during the session here in Asia - the wildfires disrupting Canadian oil-sands production were cited as a factor, along with intensified fighting in Libya.

Gold is little changed after a small range session for it.

Regional equities:

  • Nikkei - Japan closed today, will reopen on Friday
  • Shanghai -0.27%
  • HK -0.45%
  • ASX -0.05%

More: Citi bullish commodities, Goldman Sachs bearish .... we have a market!

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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