Forex news for Asia trading Thursday 4 April 2019
Brexit news dominated the first part of the session here with late-night votes in the UK parliament. A vote passed the House of Commons, an important one. It directs the Prime Minister to seek an extension on the Article 50 date (currently at April 12). The vote passed with a majority of just one, 313 to 312. The bill will next be voted on in the House of Lords, while there is no time nor date set as yet it is likely to be Thursday. Stay tuned.
GBP moved only a few points higher on the news but has maintained its gains to be close to its session high, above 1.3170, as I update.
Apart from the UK business, news and data flow was light. Bank of Japan governor Kuroda spoke in parliament but did not indicate any switch of course from current policy. There were a few US political items (when isn’t there?), with Trump’s tax returns being sought by a Congressional committee.
AUD and NZD both traded up against the USD but have turned back from the highs they saw overnight. An announcement from the White House that Chinese Vice Premier Liu He would be meeting with Trump on Thursday pretty much marked the top for the two on the session and they’ve since given back ground, AUD more so.
EUR/USD had a small rally and is mid-range as I post. CAD slid a little against the USD.
China shares gained, as did Hong Kong’s. The HangSeng Index moved above 30,000, a level last seen in June of last year, but has since dipped under. Japan’s Nikkei cracked a one-month high.
Still to come:
Let’s get the NFParty started …