Live Market News

ForexLive Asia-Pacific FX news wrap: A subdued pre-NFP FX session


There
was little news nor data flow to move around markets much at all
during the session with more traders in the timezone content to wait
it out until the US Non-farm Payroll report due later.

From
Japan we had comments crossing the news wires from both Bank of Japan
Governor Ueda and Japan finance minister Suzuki. Neither said
anything new, going over old ground. USD/JPY gained a few points to
just over 139.00 but soon dribbled back to be little net changed.

ANZ
raised their forecast ‘terminal’ rate for the Reserve Bank of
Australia, but still tipped an ‘on hold’ decision at next week’s,
June 6, policy meeting. Australia’s Fair Work Commission announced a
wage hike that’ll apply to a portion of the Australian work force,
see bullets above. These were was enough to send AUD/USD up to circa
0.6601. NZD/USD followed along a little higher also.

Oil
popped back up a little ahead of this weekend’s OPEC meeting,
without much of an obvious fresh catalyst.

The
US Senate passed the bill to lift the government’s $31.4
trillion debt ceiling.

Equities
gained in Japan, Australia, and mainland China, following on from a
strong Wall Street lead where the S&P 500 and Nasdaq 100 rallied
on Thursday. Hong Kong stocks powered higher, a tech-driven rally.

Asian
equity markets:

  • Japan’s
    Nikkei 225 +0.75%

  • China’s
    Shanghai Composite +0.45%

  • Hong
    Kong’s Hang Seng +3.1%

Latest Market News
1 of 85



Read More: ForexLive Asia-Pacific FX news wrap: A subdued pre-NFP FX session

Leave a comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.