Forex news for Asia trading Thursday 23 March 2017
- South Korean shipbuilder offered $2.6bn bailout
- Citi's Steve Englander is leaving to join hedge fund Rafiki
- Nomura on how oil can get to $40 ... but also on central bank normalisation
- Latest French election poll: Macron 65% to Le Pen 35% in 2nd round
- US politics - times to watch on Thursday ahead of the health vote
- Chinese Premier Li speaking - close ties with Australia
- More media picking up on Trump/Russia "potentially bombshell report"
- Fitch on China - leverage worrying, unsurprising if more companies default
- PBOC OMOs today - keeps the screws on
- Trumpcare vote Thursday - latest update: Chances of passing bill improve
- Meanwhile, Japan politics: Abe in land-sale scandal - breaking on this
- PBOC sets USD/CNY reference rate for today at 6.8856 (vs. yesterday at 6.8889)
- EUR/USD orderboard
- More US politics to keep an eye on - latest breaking on Trump/Russia election
- USD/JPY & EUR/JPY orderboards
- Mexico's Carstens: Peso moves a good example of the currency overreacts
- AUD and NZD orderboards
- Not FX - Apple has bought the app it says is the 'most innovative' & made it free
- The key Thursday US House vote on new health care bill - preview
- "Supply-led rebalancing" in the market (Oil? Nope ... dairy - yeah, milk)
- US (GOP) Meadows - 'Very optimistic' on Trumpcare bill
- German finance ministry latest: Data points to continued economy upswing
- More US politics; US Dems Senate leader says 'the votes just aren't there'
- UK police say death toll from attack now at 5
- Trumpcare wrangling continues ahead of tomorrow's vote
- Trade ideas thread - Thursday 23 March 2017
- Goldman Sachs on China's credit crunch
- Remember the $81m stolen from the Fed? Looks like the culprit has been found
- Economic data due from Asia today - none
- Canada budget postpones rumored tax hikes as budget details revealed
- When a politician is caught in a lie it's always amazing watching the video
- ICYMI: Forexlive America forex news wrap. Terror attack stuns London. Markets take it in stride
The early focus was on US politics ... and nothing much changed through the session. News late in the US afternoon of talks and compromise to try to get the Trump healthcare bill successfully through the House vote on Thursday. As various political players were quoted the USD was pushed and pulled accordingly, but in small ranges.
Net for the session USD/JPY has traded higher, up through 111.50 at one stage (its just under there as I update).
It wasn't all US politics either, a Japanese political scandal is accelerating ... but what it means for the yen is difficult to determine, if it means anything at all. PM Abe is pretty much near the centre of the turmoil, but remember his party has a huge majority in the parliament so he may shrug it all off in time.
EUR traded more or less sideways and then down a few tics ... news of the latest French election poll seems to have given it a little boost - its back up a few tics to be little changed on the session.
The CHF is a little softer against the USD, GBP is little changed on the session as is the NZD.
AUD/USD has dribbled a few ticks lower on the day.
Data flow in the region today was zero - an empty economic calendar.
All eyes on the US vote Thursday!
Regional equities:
- Nikkei +0.12%
- Shanghai +0.31%
- HK +0.36%
- ASX +0.30%
