ForexLive Asia FX news wrap: New Zealand dollar dumped (more) after Q3 CPI release via ForexLive

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Forex news for Asia trading Thursday 23 October 2014

The NZD was a big mover today, down nearly 100 points at one stage during the session. It was weak, running along its US lows ahead of the Q3 inflation data release; and upon publication of the data it dropped below 0.7880. It traded sideways for around an hour, with little in way of bounce  before grinding its way lower again, eventually finding some sort of bounce ahead of 0.7825.

AUD/USD was weak along with the kiwi, but not nearly to the same extent (AUD/NZD higher on the session), and it tracked a 0.8750/0.8770 (give or take a point or so) sideways range over the China PMI  release.

Oil ran along the bottom end of its US range for the Asian session today, gold was a touch better bid, but we're talking a small range for it.

EUR, GBP, CHF all more or less sideways in small ranges.

USD/JPY and EUR/JPY crept a few points higher.

There was little in the way of fresh news out of Canada, USD/CAD traded to 1.1260 and then gave just a little back as I write.

posted via ForexLive

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Posted In: ForexGlobalEconomics
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