The U.S. dollar steadied in this area Friday in Asia even after data showed a weaker-than-customary fourth quarter GDP data. The U.S. dollar index that tracks the greenback adjoining a basket of auxiliary currencies was happening 0.1% to 96.773 by 11:24 PM ET (03:24 GMT). On Thursday, the Commerce Department said U.S. terrifying domestic product increased at a 2.2% annualized rate in the October-December epoch. Economists had declared a 2.4% extension rate. The greenback was tiny impacted with the setting loose of the data as a plunge in the British pound yesterday offered money to the dollar. The tapeless in the pound came after the U.K. parliament unsuccessful in gathering any bills that were alternatives to Prime Minister Theresa Mays Brexit gaining. May will now ask U.K. lawmakers to vote upon one pension of her Brexit treaty, the Withdrawal Agreement, which sets out the terms of the U.K.'s departure from the EU during the transition era. The EU said it would without help flexibility a Brexit defer until May 22 if the lawmakers in addition to going on the conformity. Failing that, Brexit will be delayed only until April 12. The Prime Minister said yesterday that she would step all along if her covenant gets passed. The GBP/USD pair rose 0.2% to 1.3068. On the Sino-U.S. trade belly, White House economic assistant Larry Kudlow said the Trump administration is prepared to negotiate once China for months in order to endure a trade submission. He afterward said the U.S. may lift some of the tariffs upon Chinese goods, but not each and the complete one of them. High-level officials from the two sides, including U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin, and Chinese Vice Premier Liu He began a two-day meeting in Beijing upon Thursday. Mnuchin told reporters that they had a productive functional dinner yesterday. The USD/CNY pair fell 0.2% to 6.7231. Elsewhere, the USD/JPY pair gained 0.1% to 110.76. The AUD/USD pair and the NZD/USD pair both edged taking place 0.1%.
Long Aussie Usd .7125. Shorts just got squeezed, especially in Euro. More to come I believe. Watching usdjpy, its bearish right now but if it turns it could be part of a bigger move in the markets. Would not want to be short equities either.
Usdjpy 111.45 last, off lows. I read somewhere that the short interest in Euro was really big last week in Chicago. Lots of option volume in Euro, so it tends to stay range bound. Looking at Kiwi as well.
Flat at a tiny profit. Rode it up, then down. Was looking for. 7168 or so, forgot tomorrow the talking heads in Australia are going to run their mouths. Didn't like .7150, thought .7127 would be better.