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ForexLive Asia FX news wrap: Cable up, then straight back down

Forex news for Asia trading Thursday 25 August 2016

Another session of light news & data flow, and limited ranges in the currencies.

NZD and AUD traded higher, NZD helped by some Fonterra news early (see bullets above) but ranges for both were not large.

Cable traded up 40 or so points in early Tokyo trade but has since given the whole lot back. There was little fresh news to drive the moves. EUR/USD is a tiny bit higher o the session, USD/CHF is net very little changed.

USD/JPY moved higher in early Tokyo, tipping briefly above 100.60 and has since dropped back 20 or so points.

The People's Bank of China injected funds again today via 14-day reverse repos, though the policy intention is perhaps unclear (see bullets above for more on this, it does appear the bank is encouraging commercial banks to lengthen loan terms, though not everyone agrees this is their intention).

Regional equities:

  • Nikkei +0.05%
  • Shanghai -1.10% (a decent size drop, confusion surrounding PBOC policy not helping stocks in China, it appears further easing is not presently in sight)
  • HK +0.05%
  • ASX -0.09%

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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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