Free Trial

NZD Weakness, Yen Strength Reverse As Asia Pac Session Progresses


Early Asia Pac FX moves for Thursday have reversed somewhat. NZD/USD has recouped most of its post Q3 GDP miss losses. From lows at 0.6170 we now sit back at 0.6190/95, versus pre GDP levels just above 0.6200. USD/JPY has also stabilized. We got to fresh lows of 142.10 but now sit back near 142.85. This is only down modestly on Wednesday NY closing levels.

  • Early cross asset moves have seen US equity futures modestly higher +0.20% to +0.25% across Eminis and Nasdaq futures. US bond futures are just off recent highs.
  • The BBDXY sits near 1230.75, still marginally above post FOMC lows.
  • Coming up soon we have AU employment data as the main Asia Pac focus point.
  • FX moves elsewhere are fairly muted, albeit with most pairs firmer against the USD. AUD/USD last near 0.6665/70, ERU/USD around 1.0885.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.