ForexLive Asia-Pacific FX news wrap: US dollar dribbled a little lower

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It
was a day of minor movement only for major forex rates. AUD, NZD,
EUR, GBP and even the hapless yen all gained a few points against the
USD. Ranges were lacklustre though and such moves can be easily
reversed as European liquidity arrives.
</p><p>News
flow of market relevance was very light, and data releases were
lower-tier only. Japanese unemployment ticked up but remains at a
very low level.
</p><p>Regional
equity markets traded higher following on from the better session on
Wall Street.
</p><p>Asian
equity markets:</p><ul><li><p>
Japan’s
Nikkei 225 +0.17%</p></li><li><p>
China’s
Shanghai Composite +0.6%</p></li><li><p>
Hong
Kong’s Hang Seng +1.7%</p></li><li><p>
South
Korea’s KOSPI +0.4%</p></li><li><p>
Australia’s
S&amp;P/ASX 200 +0.4%
</p></li></ul><p>

The People's Bank of China once again set the yuan reference rate 10 big figures away from the modelled estimate, supporting the local currency. </p><p>Offshore yuan:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.