Forex news for Asia trading Wednesday 18 October 2017

Very minor wiggles for a few currencies today only with a stable day nearly across the board:

  • EUR/USD ticked up a few points
  • USD/JPY was basically stable
  • AUD/USD a few points higher (commodities in China traded a little stronger)
  • Cable is barely changed, as is USD/CHF
  • USD/CAD is a little lower, the news out of NAFTA talks is not too encouraging for Canada nor Mexico.
  • NZD/USD is a few points lower - still no announcement on government formation

Yuan, however, was a mover. As the National Party Congress got underway (President Xi gave a long opening address) CNY and CNH traded higher:

USD/CNH

Data and news flow was extremely light. A subdued leading index from Australia and a speech from BOJ board member Sakurai the highlights (see bullets above).

Still to come today, some biggies: