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23 Apr 2013
Session Recap: HSBC China PMI misses expectations; Yen strengthens the most
FXstreet.com (Barcelona) - Today's Asian session spotlight was on the China HSBC flash manufacturing PMI data that came in below expectations at 50.50 when 51.4 was consensus advanced figure, and 51.6 previous. Immediate reaction was USD and Yen positive, sending AUD/USD to fresh 6-week lows at 1.0218, and USD/JPY to 98.55.
EUR/USD, GBP/USD and NZD/USD all move also lower, coupled with Gold and Oil, along with some local share markets like Shanghai down -2% and Hong-Kong -1.3%. Australian ASX kept gains adding +0.87% for the day, with Australia CB leading index coming better than expected at +0.3% rising for fourth consecutive month, at best pace in 9 months.
Even though USD was one of the winners of the session with US bonds finding bids being capped around yesterday's weekly highs, Yen was the big winner of the session, recovering big part of the loses from last Friday.
Main headlines in the Asian Session:
Forex: AUD/JPY capped again below 103.10, China data on tap later in session
Japanese life insurers plan to raise foreign bond holdings
BoJ easing will have credit negative effects on Japanese life insurers - Moody's
Australia Feb CB Leading Indicator increase to 0.3% vs 0.2%
China HSBC manufacturing PMI below expectations
Forex: AUD/USD sharply lower after lackluster China PMI data
Forex: AUD/NZD pops even though Aussie dips
Abe says Japan not out of deflation yet
Forex: USD/JPY breaks below 99.00 bids
Forex: EUR/JPY consolidates around 129.00 support, Eur PMI on tap
Forex: NZD/USD, watch for a downside breakout - 2ndSkies
Forex Flash: USD remains our currency of choice - JPMorgan
EUR/USD, GBP/USD and NZD/USD all move also lower, coupled with Gold and Oil, along with some local share markets like Shanghai down -2% and Hong-Kong -1.3%. Australian ASX kept gains adding +0.87% for the day, with Australia CB leading index coming better than expected at +0.3% rising for fourth consecutive month, at best pace in 9 months.
Even though USD was one of the winners of the session with US bonds finding bids being capped around yesterday's weekly highs, Yen was the big winner of the session, recovering big part of the loses from last Friday.
Main headlines in the Asian Session:
Forex: AUD/JPY capped again below 103.10, China data on tap later in session
Japanese life insurers plan to raise foreign bond holdings
BoJ easing will have credit negative effects on Japanese life insurers - Moody's
Australia Feb CB Leading Indicator increase to 0.3% vs 0.2%
China HSBC manufacturing PMI below expectations
Forex: AUD/USD sharply lower after lackluster China PMI data
Forex: AUD/NZD pops even though Aussie dips
Abe says Japan not out of deflation yet
Forex: USD/JPY breaks below 99.00 bids
Forex: EUR/JPY consolidates around 129.00 support, Eur PMI on tap
Forex: NZD/USD, watch for a downside breakout - 2ndSkies
Forex Flash: USD remains our currency of choice - JPMorgan