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ForexLive Asia Wrap Up: Aussie Downunder

ForexLive Asia Wrap Up: Aussie Downunder

RBNZ's Wheeler says N.Z. doesn't need quantitative easing, has scope to cut rates if needed. Would like to see lower currency.
Greece needs another Eur 30 bln through 2016. WSJ 
Apple and Amazon earnings disappoint.
New Zealand trade deficit at NZ$ 791 million.
S.Korea 3rd qtr GDP rose 0.2% q/q, rose 1.6% y/y.
New Zealand October business confidence at 17.2, activity outlook fell to 25.5%.
IMF's Lagarde urged world leaders to 'do whatever it takes' to rebuild the world's financial system. 
Japans cabinet approves $5.3 billion in economic stimulus measures.
Japan EconMin Maehara says stimulus part of plan to be drawn up in November.
Japan FinMin Jojima says stimulus may push up GDP by 0.1%., MOF panel to discuss effect on JGB market of bill delay.

Risk off late in the session as the AUD/USD tumbles to 1.0310/15 after trading around the 1.0350 level most of the session. USD/JPY testing the session lows at 80.05/08 just above support at 80.00. BOJ expected to ease next week and will have to wait until November for further details on the stimulus plan.  EUR/USD range-bound finding bids ahead of 1.2920 support. Greece still a big question mark on their bailout deal.  TGIF

Have a good weekend.

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Posted-In: Forex Markets


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