Forex news for Asia trading Friday 17 January 2020
China’s Q4 and full 2019 year GDP was published today (see bullets above, but in brief):
- Q4 y/y hit in line with the median estimate and was the same as in Q3
- 2019 as a whole came in at a slight miss
FX response was little more than a minor wobble. Across the major currency board there is little net change to report. Ranges have been subdued and most are tracking near their mid-point as I post. USD/CAD is on its session high but the range has been only circa 10 points. Try not to sneeze and it shouldn’t move.
News flow was light. About the only item of note was the US military did admit there were military personnel injured in the Iranian missile attacks on January 8. You’ll recall at the time officials denied any casualties, but today’s news confirmed there were, some reported as traumatic brain injuries. For markets there may be implications to come from this news, perhaps along the lines of tweets from the US President, perhaps something more substantial. Keep on the watch.