ASIA-PAC FX UPDATE: DXY picks up and the Yuan falls behind
Analysis details (02:04)
In FX, DXY has been picking up in recent trade, but remains well within yesterday’s 105.85-106.79 parameter, with news flow overnight quiet. EUR/USD and GBP/USD are modestly pressured with the former finding some resistance at 1.0400 whilst the latter gave up 1.1900 handle. USD/JPY trades sideways around the 139.50 mark with little reaction seen to reiterations from BoJ Governor Kuroda. Antipodeans are modestly softer amid the recent upticks in the Dollar with AUD/USD still above its 100 DMA (0.6695) whilst the NZD/USD trades just above yesterday’s 0.6127 low. Elsewhere, the CNH experienced some short-lived strength around the time of the PBoC fixing, although USD/CNH immediately pared back that modest downside before rising to fresh session highs following a weaker-than-expected PBoC CNY fix.
17 Nov 2022 - 02:03- Research Sheet- Source: Newsquawk
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