Xtreamforex Asia FX news wrap: RBA statement still to come
The US dollar rose here during the Asian timezone basically no matter how you look at it. EUR, AUD, GBP, NZD, CAD are all lower against the USD, yen, and CHF moreover. Japan’s Nikkei and Hong Kong’s Hang Seng also dropped following the reestablished slide on Wall Street.
During the meeting, we had a lot of monetary information delivered (see shots above) yet a greater amount of note was the proceeding with a stream of terrible news out of the Chinese property area with reports of more installments missed and something like one “default-like” measure. US President Biden seems to have brought down his asking sum for his spending bills from $3.5tln into a more adequate reach (see projectiles above).
Returning to the information delivers, a striking one was the Australian exchange balance for August, which arrived in a third continuous record excess, this time over AUD15bn in the month. Flooding LNG and coal send out more than offset a decrease in iron mineral fares. Imports mellowed a bit, with investigators looking forward and expecting these to climb once states resume in the many months ahead.
Still to come:
Hold Bank of Australia meeting today – see (no change expected, however perhaps some large scale pru signs)
Also, further ahead:
NZD brokers – set out up toward the GDT dairy closeout coming up Tuesday
Central bank speakers coming up Tuesday 5 October 2021 – Barkin, Quarles
BOJ Governor Kuroda to speak Tuesday, US time (evening)