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Greenback Slips In Asia, Regional FX Watch Data

FOREX

The greenback went offered and landed at the bottom of G10 pile, as e-mini contracts ground higher, with little to change the broader state of play overnight. Commodity-tied FX garnered some modest strength, as the space seemed happy to slightly unwind yesterday's risk-off moves. Addresses from RBA's Debelle & Bullock provided nothing of real note.

  • USD/CNH popped higher as onshore markets re-opened, while China reported September industrial profits, which grew slower than in August, in Y/Y terms. The rate faded the move later in the session.
  • USD/KRW re-opened on the front foot as South Korean Vice FinMin Kim warned that the gov't monitors FX markets and is ready to take stabilisation measures if needed. That being said, the pair gradually erased gains as local GDP data for Q3 showed that South Korean economy has returned into expansion at a higher rate than forecast.
  • Coming up today we have U.S. Conf. Board Consumer Confidence & flash durable goods orders as well as comments from ECB's de Cos.
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