11 Jul 2014
Asia Recap: Quiet end of the week
FXStreet (Bali) - Asia wraps up its last trading session of the week in slow motion, with traders shrugging off Thursday's risk aversion plays.
The CAD was the best performing currency ahead of today's Canadian jobs, with the AUD/USD, USD/JPY and NZD/USD showing no changes to its NY closing levels. Same story was seen in EUR/USD and GBP/USD.
In terms of fundamentals, New Zealand's food price index for June came at +1.4% m/m vs 0.6%. In the US, Federal Reserve vice-chair Fischer gave a speech but no mentions to monetary policy were noted. In Australia, home loans came flat for May vs -1% exp.
The CAD was the best performing currency ahead of today's Canadian jobs, with the AUD/USD, USD/JPY and NZD/USD showing no changes to its NY closing levels. Same story was seen in EUR/USD and GBP/USD.
In terms of fundamentals, New Zealand's food price index for June came at +1.4% m/m vs 0.6%. In the US, Federal Reserve vice-chair Fischer gave a speech but no mentions to monetary policy were noted. In Australia, home loans came flat for May vs -1% exp.