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September 11: Asian session

  • Asian stocks traded in a cautious mode
  • The US President Barack Obama vowed to fight Islamic State militants is Syria, allowing air strikes
  • China's economy showed new signs of weakness on Thursday, as August consumer inflation unexpectedly fell to a 4-month low
  • Australia suprised with strong employemnt data
  • RBNZ left monetary policy unchanged

FXBAZOOKA.com - Market attention was glued to New Zealand and Australia tonight. As it was widely expected, the Reserve Bank of New Zealand left monetary policy unchanged, while Governor Wheeler ended with pulling the currency lower by dovish comments. NZD/USD fell to $0.8170. AUD/USD soared to $0.9210 on a much better than expected labor market data. Australia employment growth was nearly 10 times size of consensus forecast (+121K vs. 15K expected). Unemployment rate fell from 6.4% to 6.1%. 

USD/JPY hit a fresh 6-year high of 107.02 in the session. EUR/USD consolidates around $1.2910, while GBP/USD - slightly above the $1.6200 mark.



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