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The dollar remained steady in Asia on Tuesday late morning as Syria's situation improved. Investor risk appetite revived amid easing geopolitical tensions as more strikes at Syria seemed unlikely. Core retail sales came in as expected at 0. Traders will be looking for any comments on monetary policy and the number of expected rate hikes this year as several Fed officials speak this week.
Investors also watch closely if U. In addition, Trump accused China and Russia of devaluing their currencies. Embroiled in scandals, Abe was under pressure to resign at the end of June as approval rate fell to a new low.
He has been plagued by a cronyism scandal involving land sales over a school for months, when documents were founded tampered to remove references to him and his wife. Its industrial production data were worse than expected though, posting 6.
The Aussie was weighed down by the disappointing Chinese industrial data. The Reserve Bank of Australia maintained its dovish monetary policy to keep interest rate at 1. This is likely to produce another drawdown in storage during a time when inventories should be rising.
Natural gas futures finished the week higher as speculative buyers generated enough upside momentum to spook a few of the weaker short-sellers out of the market. Relatively low prices and a possible delay in the start of the injection season encouraged specs to buy weakness last week after the market touched its lowest level since February Another reason for the buying was a weekly government report which showed a bigger-than-expected storage draw.
According to the U. Energy Information Administration, natural gas storage in the U. The near-term price action is likely to mirror the two-sided weather forecast.
Despite this short-term development, traders remain confident that rising production, milder temperatures and lower demand will keep a lid on all rallies. Furthermore, despite storage being RedArrow , 3 Ottobre alle Per trader e investitori.
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