ForexLive Asia-Pacific FX news wrap: NZD marked lower after better CPI data | Forexlive

New
Zealand inflation data for Q1 (January – March) came in lower than
the consensus expected and lower than in the previous quarter. The
New Zealand dollar was marked lower on the release, NZD/USD dropping
to around 0.6160 and its not much moved from there as I post.

Elsewhere
across major-traded FX ranges have been very small indeed. USD/JPY
popped above 134.90 but has since drifted back around 134.70 to be
barely changed on the day.

Data
flow was non-impactful otherwise. As was news flow.

We
did have remarks from Federal Reserve officials, Goolsbee and
Williams see bullets above). From the People’s Bank of China we had
an as expected unchanged rate setting on 1- and 5-year Loan Prime
Rates. The long-awaited review of the Reserve Bank of Australia was
published with various recommendations but it barely nudged AUD.

Asian
equity markets: