Tuesday, September 1, 2020

Asia-Pacific Wrap


ForexLive Asia FX news wrap: NZD an out performer today

Forex news for Asia trading Wednesday 2 September 2020 The gains for the USD evident in Tuesday Europe/US trade extended a little further here today nearly, but not quite, across the board. Of note was the good performance put in by the New Zealand dollar.... Read full article


NZD breaks to a fresh session high - export price resilience, Orr comments helping it along

Earlier data out of NZ on terms of trade confirmed they are at their highest ever Good prices and (relatively) resilient exports provide the NZ economy with a buffer.... Read full article


The election for Japan's new Prime Minister will be on September 14

PM Abe is resigning due to health issues - his party (LDP) will vote for a new leader on Sep 14... Read full article


Japan is considering free coronavirus vaccine for all citizens

When there is a vaccine, of course.... Read full article


The key surprises in the Australian Q2 GDP plunge

Comments via Westpac on the data today showing a "severe economic recession over the first half of 2020". WPAC on surprises in the release: Bolding mine - that buffer is likely to be drawn upon in coming quarters with what I expect to be a '2 steps forward and 1 back' recovery ahead.... Read full article

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FX option expiries for Wednesday 2 September at the 10am NY cut

EUR/USD

  • 1.1875 929m euro amount

USD/JPY

  • 105.55 829m USD amount
  • 105.75 465m
  • 106.00 581m
  • 106.50 1.1bn

USD/CAD

  • 1.3225 1.1bn USD amount

NZD/SD

  • 0.6750 NZD211m



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