Forex news for Asia trading Monday 7 December 2015

Monday:

Weekend:

Oil traded lower in the Asian opening to the week after OPEC Friday. There was little in the way to cheer oil bulls Friday or over the weekend and action reflected that here in Asia. Gold maintained its gains from Friday, a sideways session here today.

Across FX markets it was a subdued beginning to the week, with little in the way of market-moving news. Politics in France will bear watching I the weeks and n=months ahead as the regional election results turned poor for Hollande.

EUR is a little down on Late Friday levels. If it crosses a few spreads to the topside, though, that comment will be rendered void, the move has been tiny.

Tiny too for the CHF, with USD/CHF up marginally. Cable is barely changed.

USD/JPY has edged a few points higher.

Even AUD and NZD have been restrained. NZD is lower on the session, down around 25 or so points to qualify as 'most exciting' for the session here. The RBNZ meeting comes up later this week, its a close call (see preview, above). AUD is barely changed .

Regional equities with Shanghai closed for the lunch break:

  • Shanghai +0.40%
  • Nikkei +1.34%
  • HK +0.41%
  • ASX +0.14%