Asian Session FX Review
Asia on New Year’s Eve 2010
Economic news
- S.K. - December CPI 3.5 % y/y from 3.3 % y/y in November
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- S.K. - December Core CPI 2.0 % y/y from 1.8 % y/y in November
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- AUS - November Private Sector Credit 0.3 % m/m from 0.1 % m/m versus expectations of 0.2 % m/m
Market Update
A very quiet trading session as can be seen from the ranges .... A number of Asian markets were closed ahead of the New Year’s holiday weekend, including Tokyo ..... One of the movers today has been the Swiss Franc which has given back some of its gains from the previous few days ..... Every centre seems to be counting down the minutes before the turn of the year ..... As mentioned before data is on the light side in Europe so I would not expect that much movement later today.
Currency ranges
€/$ 1.3285 - 1.3314 $/¥ 81.43 - 81.54 £/$ 1.5426 - 1.5460 $/CHF 0.9343 - 0.9396 A$/$ 1.0153 - 1.0183 NZ$/$ 0.7705 - 0.7721 $/C$ 0.9990 - 1.0006 €/¥ 108.27 - 108.49 €/CHF 1.2422 - 1.2489 €/£ 0.8606 - 0.8619 A$/ 82.77 - 82.93
Markets at a glance as at 12.00 a.m. EST
€/$ 1.3290/93 $/¥ 81.48/51 £/$ 1.5434/39 $/CHF 0.9380/851 A$/$ 1.0165/70 NZ$/$ 0.7709/14 $/C$ 1.0000/05 €/¥ 108.35/40 €/CHF 1.2468/73 €/£ 0.8610/15 A$/¥ 82.82/87
U.S. Dollar Index 79.495 lower by 0.026 (- 0.03 %)
Gold 1409.20 higher by 3.30 (+ 0.23 %)
Silver 30.7500 higher by 0.2370 (+ 0.78 %)
Copper 439.90 higher by 3.65 (+ 0.84 %)
Crude Oil 89.57 lower by 0.27 (- 0.30 %)
I would like to take this opportunity to personally thank you for your support in 2010 and wish you and your families, health and prosperity for 2011. |
