Forex News from InstaForex

[IFX Gertrude]

Yen Off Highs Against Majors



The Japanese yen retraced early gains against other major currencies in Asian deals on Tuesday.
The yen is worth 91.51 against the aussie, 80.63 against the kiwi, 97.11 against the greenback, 107.28 against the franc, 156.07 against the pound, 131.66 against the euro and 94.01 against the loonie, down from an early high of 91.05, multi-day high of 80.05, near 2-month high of 96.57, multi-week highs of 106.90, 155.40, 131.14 and 93.63, respectively.

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[IFX Gertrude]

Singapore Dollar Declines To 8-day Low Against U.S. Dollar



The Singapore dollar fell against the U.S. dollar in Asian deals on Thursday.
The Singapore currency hit 1.2542 against the greenback, a level unseen since October 2. The Singapore dollar may possibly test support at the 1.26 level. At yesterday's close, the pair was worth 1.2498.

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[IFX Gertrude]

Kuroda Reiterates BoJ Committed To Fight Deflation



The Bank of Japan will do whatever necessary to overcome deflation, Governor Haruhiko Kuroda said Thursday.
Bond buying plan has been exerting its intended effects and Japan has been steadily moving toward overcoming deflation, Kuroda said at the Council on Foreign Relations in New York.
As the economy mired in deflation for the last 15 years, people's deflationary expectations became entrenched, he noted. Persistent deflation encouraged behavior to stay status quo, and this deprived Japan's economy of vitality.
Kuroda said the economy is on track and it would be premature to say anything about what additional measures the central bank could take if the economy falter.

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[IFX Gertrude]

Swiss Producer & Import Prices Remain Unchanged In September



Switzerland's producer and import price index remained unchanged in September compared with a year earlier, data from the Federal Statistical Office revealed Monday.
The price level of the whole range of domestic and imported products increased 0.1 percent on a month-on-month basis.
There was a notable increase in domestic and import prices of petroleum products in September from a month earlier, according to the statistical office.

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[IFX Gertrude]

Research: Daily Outlook for Eur/usd



Quotes from UniCredit Research:
-EUR-USD fell below 1.35 for most part of yesterday due to some further position adjustments ahead of the US debt ceiling deadline. We still see more seesawing in the 1.3450-1.3550 band for today, with EMU CPI data unlikely to impact.

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[IFX Gertrude]

Australian Dollar Climbs To 2-day High Against NZ Dollar



The Australian dollar extended its overnight gains against its Tasman rival on Friday morning in Asia.
The aussie jumped to a 2-day high of 1.1378 against the New Zealand dollar, up from Thursday's NY session close of 1.1356.
Further bullish extension could lead the pair challenging the 1.14 resistance level in the near-term.

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[IFX Gertrude]

Research: US Rates Review



Quotes from Societe Generale Cross Asset Research:
-US: 10y swaps near Friday's close of 2.73%. Fed tapering delay and clouded US macro data on shutdown has led to a sharp 21bps correction lower in 10y rates from 2.88% last Wednesday. Will strong nfp tomorrow cause curve steepening to resume?

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[IFX Gertrude]

Malaysian Ringgit At 8-day Low Against U.S. Dollar



The Malaysian Ringgit lost ground against the U.S. dollar in Asian deals on Tuesday.
The ringgit slipped to 3.1850 against the greenback, a level unseen since October 14. The next downside target for the ringgit is seen around the 3.2 zone. At Monday's close, the pair was worth 3.1685.

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[IFX Gertrude]

Australian Dollar Declines Against Most Majors



Reversing direction, the Australian dollar fell against most major currencies in Asia on Wednesday.
The aussie slipped to a 6-day low of 94.07 against the yen and an 8-day low of 1.4267 against the euro, down from an early high of 95.66 and more than 3-month high of 1.4126, respectively.
The aussie was worth 0.9667 against the greenback and 0.9954 against the loonie around 12:25 am ET, retreating from early multi-month highs of 0.9757 and 1.0035, respectively.

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[IFX Gertrude]

China Manufacturing PMI 50.9 In October - HSBC



An index measuring manufacturing activity in China came in with a score of 50.9 in October, the latest survey from HSBC and Markit Economics revealed on Thursday.
That topped forecasts for a score of 50.4 and was up from the 50.2 reading in September.
The survey said that new orders were at a seven-month high.
A score above 50 indicates expansion in a sector, while a score below 50 signals contraction.

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