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ForexLive Asia Pacific FX news roundup: RBNZ maintains cash rate

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ForexLive Asia Pacific FX news roundup: RBNZ maintains cash rate


  • European Central Bank Director Lagarde speaking Wednesday. Panetta, de Guindos too.
  • Crypto: Ripple receives a full license for operation in Singapore
  • Matsuno, Japan’s chief cabinet secretary: We will continue to take appropriate measures on FX
  • Taiwan Central Bank says it will intervene if the TWD fluctuates dramatically against USD
  • Kanda’s (Mr. Yen (spoke with Prime Minister Kishida
  • Japan’s fin min Suzuki has said that he will not rule out options to counter excessive moves
  • NZD/USD is lower than expected after RBNZ maintains rates as expected
  • RBNZ maintains its cash rate target at 5.50%. This was expected.
  • Japan September services PMI 53.8
  • The adults in the room are clueless. Perhaps China is to blame for the increase in US long rates.
  • US data focus on Wednesday includes ADP Employment (September), ISM Services (also September), and US Data Focus for Tuesday is US Data Focus.
  • Kanda “Mr Yen”, Japan’s Mr Yen, has refused to comment on the question of whether Japan intervened or not in the FX markets.
  • South Korea’s industrial production in August increased at its fastest rate since June 2020
  • ICYMI: Deutsche Bank has said that a mild recession in the euro zone cannot be “ruled out”.
  • If FX investors liked USD/JPY 150, then they will love it at just 149.
  • Australian final Service PMI (51.8) (vs. previous 47.8)
  • Yellen says US overdependent on China for critical…



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