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17 Sep 2013
Session Recap: USD standing still ahead of Wed FOMC; Oil lower
FXstreet.com (Barcelona) - Little move in the USD across the board slightly higher against USD/JPY And Aussie trading last at 99.25 and 0.9306 respectively, while mostly unchanged against EUR/USD at 1.3333 and Pound at 1.5898, most of them big figures, ahead of a big event Wednesday.
The RBA in Australia delivered an overall neutral meeting minutes saying no more rate cuts are expected in the immediate term but also that can't take them off the table for now, taking AUD/USD first to session highs at 0.9336 helped on positive car sales data too, but then dragged lower to session lows at 0.9285.
Local share markets are mixed with a negative bias. The Shanghai Composite index is down -0.9% and Nikkei -0.25% while the Australian ASX is marginally higher up +0.08%. Gold is flat around the $1383 level and Oil is slightly lower around fresh 2-week lows below the $106.5 mark.
Main headlines in the Asian Session:
Overnight press – China continues small steps to yuan convertibility, allows 6 hedge funds in
Reserve Bank of Australia’s Governor Stevens 7-year term ends today
Headlines on the wires – Obama has not made decision on nominating next Fed chair
Australia New Motor Vehicle Sales (MoM) up to 0.8% in August from -3.6%
RBA minutes keeps relatively neutral tone
China August FDI - Foreign Direct Investment (YTD)(YoY) falls to 6.37% vs 7.1%
China: CB Leading Economic Index (August): 0.7 vs 1.4
The RBA in Australia delivered an overall neutral meeting minutes saying no more rate cuts are expected in the immediate term but also that can't take them off the table for now, taking AUD/USD first to session highs at 0.9336 helped on positive car sales data too, but then dragged lower to session lows at 0.9285.
Local share markets are mixed with a negative bias. The Shanghai Composite index is down -0.9% and Nikkei -0.25% while the Australian ASX is marginally higher up +0.08%. Gold is flat around the $1383 level and Oil is slightly lower around fresh 2-week lows below the $106.5 mark.
Main headlines in the Asian Session:
Overnight press – China continues small steps to yuan convertibility, allows 6 hedge funds in
Reserve Bank of Australia’s Governor Stevens 7-year term ends today
Headlines on the wires – Obama has not made decision on nominating next Fed chair
Australia New Motor Vehicle Sales (MoM) up to 0.8% in August from -3.6%
RBA minutes keeps relatively neutral tone
China August FDI - Foreign Direct Investment (YTD)(YoY) falls to 6.37% vs 7.1%
China: CB Leading Economic Index (August): 0.7 vs 1.4