Posted by TeddyRiley > 2015-09-23 14:40 | Report Abuse

Aussie and kiwi fall after weakest Caixin China factory PMI since 2009, with thin liquidity over Japanese holiday amplifying FX moves, according to traders. * MSCI Asia-Pacific ex-Japan index down 2.6%; Shanghai Composite -1.4% * AUD/USD -0.9% to 0.7024 vs 0.7019-0.7092 range * Macro accts sell the pair after China PMI misses 23 of 24 forecasts in Bloomberg survey: trader * A$441m of 0.70 option strikes expiring Sept 24: DTCC data * Stop-sell orders seen in AUD/JPY under 84.00, trader says; pair now at 84.455 * NZD/USD -0.6% at 0.6256 vs 0.6256-0.6301 range * Buying against AUD before and after China PMI helpedmute the downside * AUD/NZD eyes drop to 100-DMA after weak China PMI, chart shows * Story: Hedge funds look to Fonterra price for direction on kiwi’s fate * USD/JPY -0.1% at 120.02 vs 119.63-120.33 range * Sell stop-loss orders under 119.70 triggered: traders * USD is overvalued, says Amundi Asset; Goldman takes contrary view * EUR/USD little changed at 1.1122 vs 1.1105-1.1140 range * ECB’s Draghi to speak today in Brussels; Volkswagen CEO’s survival at stake when board committee meets * Options expiring Sept. 24 include 1.1100 strike for EUR1.4b * GBP/USD -0.2% at 1.5337 vs 1.5331-1.5367 range * Bloomberg Dollar Index +0.1% at 1,1214.34 * U.S. 10-year Treasury futures advance * Brent crude drops, copper steady; gold rises