ForexLive Asia-Pacific FX news wrap: USD weakens on improved appetite for ‘risk’

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The
session was almost a blank space for fresh news and data relevant to
major FX.

The
response to the Credit Suisse CHF 50bn and First Republic Bank $US
30bn lifelines continued though, with AUD, EUR, NZD, GBP, CAD all
higher against the US dollar. A US news outlet (Fox) reported that
suitors are lining up to possibly purchase US$30bn for First Republic
Bank.

Regional
equities gained also.

Data
was absent, except for Singapore exports for February, these
disappointed (see bullets above for more).

Asian
equity markets:

  • Japan’s
    Nikkei 225 +0.75%

  • China’s
    Shanghai Composite +1.6%

  • Hong
    Kong’s Hang Seng +1.8%

  • South
    Korea’s KOSPI +0.9%

  • Australia’s
    S&P/ASX 200 +0.25%

I posted earlier on the potential triple top in the AUD/USD

A trimming of risk exposure might be in order.

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