GBP start the week on a downer


Forex news for Asia trading Monday 13 November 2017  


Cable was a notable loser to open the week in Asia this Monday. Right from the off it slid, with various Brexit and UK politics related news items weighing, eg.:

There has barely been a bounce and its not far from sessions lows as i update.

Yen was a loser also, with USD/JPY moving to around 113.70 in the Tokyo morning and sideways since not much lower at all.

EUR/USD is down a few points net on the session, USD/CHF a few points to the better.

The Australian dollar was lower in the early goings on but has recovered somewhat in a small range to be net little changed from its Late Friday levels. RBA’s Debelle spoke, he was upbeat on buinsess investment improving (see bullets above).

NZD/USD, pretty much ditto.

Apart from what I have mentioned news and data flow has had little impact. Atlanta Fed head Harker spoke in Tokyo today without adding too much; he and the Fed looking at inflation and other economy indicators … still … and as expected. He did not rule out (or in) a December rate hike. More in the bullets from Mr. H, above.