It was a quiet trading day in the Asia‑Pacific FX market, with little to move the major currencies.
Key moves
- NZD held as the strongest currency on the session.
- CAD remained the weakest, trading near the 1.35‑USD level.
- Gold increased 0.19%, making it the best‑performing commodity.
- Oil fell about 0.5%, reflecting global supply concerns.
- The People’s Bank of China set the USD/CNY reference rate at 7.1359, below the 7.1846 estimate.
- The Canadian CPI data is scheduled for later in the day and could add volatility.
Summary
With no significant catalysts and a largely flat market environment, traders awaited the Canadian CPI release for potential upside. Treasury yields nudged higher, while equity futures remained modestly in the red on a percentage basis. Overall, the session was subdued, echoing the calm in global markets.
(Source)
