ForexLive Asia FX news: USD net stronger, but AUD and NZD shrug it off

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Wednesday 11 January 2017

Forex movements were subdued in Asia today, with data flow very light indeed and news flow dominated by US politics and allegations of efforts to compromise Trump. Trump gives a press conference in the US morning on Wednesday (Adam's preview here), the 'compromise' allegations thus coming in a timely fashion.

The allegations contain some pretty disgusting stuff, read on at your own risk!

Data flow, as I said, was light. Other news was another NZ earthquake, this time thankfully smaller than the near 8 magnitude November temblor.

The USD began the Tokyo morning with a lttle (a real little) weakness, cable popped above 1.2190 in one of the 'bigger' moves, but soon retraced. The USD then found a bit of legs to trade higher. USD/JPY back above 116.20 at one stage while USD/CHF straddled 1.0180, EUR/USD (though renamed for the day in honour of Trump to eurine/USD) circa 1.0540.

AUD and NZD are performing better, though, each registering gains for the session, though again, not by too much.

Gold and oil are relatively flat on the session.

Regional equities:

  • Nikkei +0.30%  
  • Shanghai +0.53%
  • HK +0.68%
  • ASX +0.10%


And, its probably a good day for some R. Kelly: