ForexLive Asia Wrap Up : Where Is Xi ??

Loading...
Loading...
RBNZ leaves cash rate unchanged at 2.5 % . Appropriate for policy to be held steady . Trading partner outlook weak, Chinese growth has slowed . Bollard says NZ $ bouyed by QE overseas , wants to see NZ growing more strongly than it is . Has options on level of interest rates . New Zealand August business PMI falls to 47.2 from 49.4 . BOE quarterly bulletin : higher inflation volatility expected -MNI  Australia September consumer inflation expectations at 2.4% . BOK leaves rates unchanged at 3.0% after expectations of a 0.25% cut . Dutch Labor leader Samson concedes defeat to PM Rutte . Big questions of the evening : Does Germany's Court always wear those wacky robes and hats ? All you need to know about the upcoming  Fed decision but were afraid to ask  ? Where the hell is this guy Xi  ?? Other than those,  the market continued to slowly sell the dollar across the board during most of the session .  Of course all eyes will be focused on the Fed later , with very high expectations that they will act leaving room for market disappointment if they fail to deliver .   The SNB meeting today expected to leave rates at zero and will they announce anything about a higher euro peg ? :) EUR/USD trading at the highs of the session at 1.2920 , targeting resistance level at 1.2935/40. Selling ahead of 1.3000 (barrier 1.20/1.30 DNT) should keep a lid on the rally for the time being .  Good support now below at 1.2810/30 . USD/JPY back to being a non-event except when there's cross interest against the EUR /AUD/ or CAD .  Selling above at 77.90/00 with support at 77.50/60. AUD/USD stayed firm most of the session reaching a high of 1.0485/90. Good selling interest above at 1.0500 with support 1.0440/50. Enjoy Your Day .
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...