ForexLive Asia FX news: Politics news - Flynn resignation - Yen up a touch (US/Yen down)

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Tuesday 14 February 2017

ICYMI:

The Australian dollar was the big mover here today, with a non-spectacular 40-odd point range. Strong business conditions and confidence data (for January)

...  really strong (conditions to their highest since 2007) saw the currency higher.

It got a further spurt on higher than expected Chinese inflation (January CPI and PPi both above median consensus expectations) :

Later news during the session on the resignation of Trump's National Security Adviser Michael Flynn. This sent USD/JPY lower a little after a day of trading around 113.70-ish. As I update its down around 113.50 after hitting briefly under 40. So, again, not much of a range. EUR and CHF gained also in the aftermath, EUR/USD to a new day's high around 1.0610 (from lows circa just above 1.0590.

NZD is little changed on the session, gold up small as is oil.

Latest update: Update: Trump National Security Adviser Flynn quits amid Russia contacts

Regional equities:

  • Nikkei -0.62%  
  • Shanghai -0.14%
  • HK +0.01%
  • ASX -0.09%
Still to come: