Asia saw small ranges and little action once again today although risk was en vogue as compared to yesterday. After the culmination of the US House of Representatives pushing through the US healthcare bill saw only brief selling of equities followed by a rally higher, the path was set for Asia to follow. Asia equities remained elevated and the risk appetite in currencies remained firm, and with a lack of any data releases or impact worthy news, the dollar and yen remained buoyed at lows.
In the EUR/USD we caught a three day high of 1.3568, followed by a low near1.3538, which in net, was an unimpressive 30 pip range. GBP/USD touched a new 1.5109 high for the week, although the day's movements were limited to less than thirty pips. AUD/USD was well bid as well today, hitting a 0.9185 high to culminate a 20 pip move higher. The Yen crosses remained just off late NY highs and the USD/JPY pair again remained in the familiar territory just over the 90.00 level. XAU/USD continued to crawl out of the $1092.50 lows hit near lunch time in NY as it hit $1106.20 highs in Asia to post a $6 gain for the precious metal in Asia.
After two days devoid of any data, tomorrow we will see New Zealand current account and Japanese trade balance. The upcoming session in London is loaded with data out of the UK, including CPI, core CPI, and CBI realized sales.