FX Update: Most Dollar pairings have been steady
FX Update: Most Dollar pairings have been steady, holding within respective Monday ranges. Once expectation was NZD-USD, which has rallied to a two-week high of 0.6596 following New Zealand Q3 CPI data, which rose to 0.9% q/q, above the median forecast for 0.7% q/q. USD-JPY, meanwhile, has lifted back above 112.00 but has remained below yesterday's 112.23 high, while EUR-USD has ebbed to a low of 1.1566 while remaining above yesterday's 1.1539 low. AUD-USD and Cable saw a similar price action to EUR-USD, with both pairings dipping but remaining above respective lows from yesterday. Stock markets in Asia have been mixed, with the Nikkei closing 1.3% for the better while China's SSE index is showing a 0.7% decline in the late PM session there. S&P 500 futures are showing a 0.3% gain in overnight trading after the cash index closed out regular Wall Street trade with a 0.6% loss. In news, a Reuters survey found that one third of Japanese businesses are now reporting to have been impacted by the U.S.-China trade way, and the RBA's October-meeting minutes showed that the fall in the Australian dollar has been helpful for domestic growth. The worry list for investors remains crowded, including Brexit, where for finalizing a deal have been slipping into December, the credibility of the populist Italian coalition government, and the Sino-U.S. trade war, the impact of which will be in sharp focus at Friday's release of Q3 GDP data out of China.