14 Jul 2014
Asia Recap: Utter quietness in the FX space
FXStreet (Bali) - There were no moves to report on the G10 FX space in Asia, with all currencies stuck in tight ranges amid low volumes.
On the fundamental domain, we had a few headlines to take note of, starting with Bundesbank Chief Weidmann, who said ECB interest rates are too low for Germany. Dutch Finance Minister Dijsselbloem was also quoted saying banks in Europe should lend more. Fed's watcher Hilsenrath published an article highlighting that debate among Fed members to tighten monetary policies is intensifying. In New Zealand, the services PMI for June came at 54.7 from 54.1 in May.
On the fundamental domain, we had a few headlines to take note of, starting with Bundesbank Chief Weidmann, who said ECB interest rates are too low for Germany. Dutch Finance Minister Dijsselbloem was also quoted saying banks in Europe should lend more. Fed's watcher Hilsenrath published an article highlighting that debate among Fed members to tighten monetary policies is intensifying. In New Zealand, the services PMI for June came at 54.7 from 54.1 in May.