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ForexLive Asia FX news wrap: PBOC slips in another yuan devaluation

Forex news for Asia trading Wednesday 16 December 2015

Pre FOMC day in Asia saw relatively subdued trading, with very little in the way of market-moving news to, err, move markets.

USD/JPY popped a little higher in early Tokyo before running into offers ahead of 122.00, maintaining a small range after this.

EUR/USD ground out a small gain, while USD/CHF was slightly softer. Cable edged a few points higher. EUR/JPY up also.

AUD ticked a few points up, while the NZD is almost unchanged after a wiggle up and then down again to approach the overnight low.

It seems the US oil export ban will soon be lifted, though price didn't do a real lot. Gold managed a few dollars higher.

The People's Bank of China set the USD/CNY higher again today (yuan weaker).

Regional equities liked the better tone on Wall Street. Levels with Shanghai closed for the lunch break:

  • Nikkei +2.53%
  • Shanghai +0.71%
  • HK +2.23%
  • ASX +2.31%

Still to come: UK wages data and then FOMC ...

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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