ForexLive Asia-Pacific FX news wrap: Limited FX ranges | Forexlive

We
had some political news during the session as macroeconomic releases
dried up.

The
US military confirmed it had conducted strikes on two sites in Iraq,
both Iran-sponsored facilities, an operations centre and a command
node used by Hezbollah.

Later there was news from the Israeli government that Hamas will free 50 of the roughly 240 hostages it is holding in the Gaza Strip
over a four-day period. There
will be a pause in fighting during these four days.

For
markets this was mixed news. Oil has net fallen in price during the
session after small swings both ways. Earlier in the session the
private survey of inventory reported a much, much larger build than
was expected.

From
Singapore we had the final
estimate for 3Q GDP. This
showed the
economy grew a
better-than-expected 1.1%
y/y
(expected +0.8%, preliminary reading +0.7%) and +1.4% q/q.

Major
FX rates traded in limited ranges.

USD/JPY broadly sideways:



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