It was a mixed session for major
FX rates here during the Asia session. The USD has added gains most
noticeably against the AUD, EUR, GBP and CAD. USD/JPY is more or less
net unchanged on the session while USD/CHF has inched a little
and data flow was light. We did get the monthly National Australia
Bank business survey that, on balance, was positive. Conditions
improved while confidence did ebb, but after a big surge higher the
of AUD against NZD provided some support for NZD/USD, but its net a
touch lower on the session regardless.
was an interesting session in China for tech stocks, with shades of
‘crackdown’ weighing. This time around it was China’s Internet
watchdog CAC interview
China’s social media
platform Sina Weibo
Twitter equivalent) over
“prohibited” information to show up on accounts.
firm was told to
deal with those responsible.
firm was also fined close to half a million USD equivalent.
Tech indexes were sold
off in China on this.
AUD/NZD sell flows during the session took it down: