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Asia Recap: US, allies launch attacks against ISIS in Syria

FXStreet (Bali) - It was a fairly quiet affair in the Asian session, with the Aussie finding some timid buying interest on upbeat Chinese HSBC PMI, while the rest of G10 currencies traded in tight ranges.

AUD/USD saw a mild recovery capped by 0.89, NZD/USD kept its heaviness by barely holding above the 0.81 level, presently at 0.8110, USD/JPY saw quiet trading around 108.80 with Tokyo markets closed, with EUR/USD and GBP/USD presently at 1.2850 and 1.6340 respectively.

On the geopolitical front, U.S. & partner allies, including Saudi Arabia, UAE, Jordan, launched bombing attacks against Islamic State targets in Syria, which consisted on a mix of fighter, bomber and tomahawk land attack missiles. The Pentagon told the press that it was an ongoing operation, providing no further details.

In China, the only event of note in a light calendar was the Sept HSBC China PMI - preliminary - , which came at 50.5 vs 50 expected, a 2-month high.

Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said: “The picture is mixed, with new orders and new export orders registering some improvement. Meanwhile, the employment index declined further and disinflationary pressure intensified. Economic activity in the manufacturing sector showed signs of stabilization in September."

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