29 Oct 2013
Asia Recap: AUD slides on RBA Stevens, GBP unusually weak
FXstreet.com (Barcelona) - The Australian Dollar was severely punished right from the start of the Asian session, with the British Pound also being victim of a stronger US Dollar.
The main events during Asia were a speech delivered by RBA Stevens, in which the Governor successfully jawboned the AUD lower, while other unknown market forces pushed the Pound over 70+ pips lower in an unusual sharp sell-off.
In equities, red was the predominant colour, with the Nikkei 225 down over 0.50%, the Australian S&P/ASX 200 falling by almost the same %, while the Chinese Shanghai Composite was no exception and lost right around 0.5% too. It is worth noting, however, that the correlation between USD/JPY and the Nikkei appears to be breaking down.
Main headlines in Asia
RBA's Stevens talks down the $A, value misaligned with fundamentals
AUD/USD breaks lower after RBA's Stevens headlines
Japan Unemployment Rate declines to 4% in September from 4.1%
Did RBA Stevens give a reason to buy the AUD? - RBS
Bloody Tuesday in Asian equity markets
The main events during Asia were a speech delivered by RBA Stevens, in which the Governor successfully jawboned the AUD lower, while other unknown market forces pushed the Pound over 70+ pips lower in an unusual sharp sell-off.
In equities, red was the predominant colour, with the Nikkei 225 down over 0.50%, the Australian S&P/ASX 200 falling by almost the same %, while the Chinese Shanghai Composite was no exception and lost right around 0.5% too. It is worth noting, however, that the correlation between USD/JPY and the Nikkei appears to be breaking down.
Main headlines in Asia
RBA's Stevens talks down the $A, value misaligned with fundamentals
AUD/USD breaks lower after RBA's Stevens headlines
Japan Unemployment Rate declines to 4% in September from 4.1%
Did RBA Stevens give a reason to buy the AUD? - RBS
Bloody Tuesday in Asian equity markets