New Zealand Exports (NZD) Jul: 3.96bln (est 4.07bln, prev 4.26bln) New Zealand Imports (NZD) Jul: 4.40bln (est 4.45bln, prev 4.13bln)
Australia Skilled Vacancies (MoM) Jul: -0.6% (prev 0.8%)
Australian Construction Work Done (QoQ) Q2: -3.7% (est -2.0%, prev -2.6%)
PBOC Fixes Yuan Reference Rate at 6.6420 (prev 6.6586)
Asia stocks cement gains after recent rally, oil slips – RTRS
Dollar edges up, as investors wait on Fed, Jackson Hole – RTRS
The US Dollar gained overnight, despite mixed data yesterday. US new home sales came in strong, but the Markit Manufacturing PMI and Richmond Manufacturing Index both missed expectations.
In the Asian session, there were no major data releases or events and most major currency pairs were caught in a tight range. EUR/USD opened around 1.1310 in Sydney and declined to 1.1295, while GBP/USD consolidated between 1.3170-1.3200. The Pound was one of the best performing currencies yesterday amid position covering from shorts.
USD/JPY started the new trading day around 100.20 and rallied to 100.52 ahead of the Tokyo open, but was not able to keep up momentum and eventually fell back to 100.30.
The commodity currencies barely moved overnight, with AUD/USD caught in a 0.7600-17 range, while NZD/USD consolidated between 0.7270 and 0.7293. USD/CAD traded 1.2911-33.