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Quieter end to the week in Asia – TD Securities

FXStreet (Barcelona) - The TD Securities Research Team states that it was a quieter end to the week in Asia with no market moving data releases.

Key Quotes

“$/¥ continues to be the focus in FX space, with surprise comments from Finance Minister Aso triggering some yen performance (finally), the cross dropping from ¥ 118 to as far as ¥117.35. Currently the cross is at ¥117.80 +0.3%, the best performer today.”

“Likewise the AUD and NZD are recovering from yesterday’s fall, both up +0.2% on generalised USD weakness, the AUD at US$0.8640 and NZD at US$0.7885.”

“In equities, the Nikkei is in positive territory now as the yen has backed up, but was down as much as 1% earlier and other regional equity indices are in the green too, except the ASX, down 0.2%, and –2.75% for the week.“

“Commodities are mixed. Gold and Copper are close to unchanged, iron ore futures in China are down 1.5% while talks of potential supply cuts are helping lift Brent crude futures +0.35% to US$79.60.”

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