Asia Summary and Highlights 15 Sep
Trump says he's willing to impose sanctions on Russia
U.S.-China trade talk continues
Asia Session
The beginning of a likely turbulent week is always quiet. We have remarks from Trump that he is willing to impose sanctions on Russia, yet he is also calling the European allies to do the same. USD is performing individually against majors. USD/JPY is trading 0.14% lower at 147.43.
The risk mood improves throughout the Monday's Asia session as the U.S. and China continue the trade talk on Monday after the weekend negotiations. Mixed Chinese data initially dragged regional sentiment but soon it rebounded on hopes of more stimulus. AUD/USD is trading 0.22% higher at 0.6665, NZD/USD is trading 0.09% higher at 0.5962 while USD/CAD slips 0.06%. Else, EUR/USD is down 0.02% and GBP/USD is up 0.04%.
North American session
The USD saw some early gains assisted by UST yields, but the session's only significant data release, a fall in September’s preliminary Michigan CSI to 55.4 from 58.2, was weaker than expected, helping to move the USD off its highs. USD/JPY slipped back to near 147.50 after a brief rise above 148. Elsewhere the USD was little changed to marginally weaker. EUR/USD ended in the upper half of a 1.17 to 1.1750 range, but the high was seen in the European morning.