ForexLive Asia-Pacific FX news wrap: A solid up day … if you’re the US dollar

• Cable heavy in Asia trade, not helped by 11. Strong USD and 2. Weak service sector outlook
• PBoC Dep Gov says issuance of special treasury bonds to help major state-owned banks
• Federal Reserve speakers on Thursday include Barr, Bowman, Hammack and Harker
• Heads up for Trumpspeak times on Thursday: 9am and 2pm
• Trafigura says US policy is the biggest upside risk for oil prices
• Is TSLA Stock a Buy?
• Foreign investors remain confident in China’s market, AmCham South China reports
• PBOC sets USD/ CNY reference rate for today at 7.1740 (vs. estimate at 7.2561)
• Australian Q3 headline capex -0.2% q/q (expected +0.8%)
• CBA says China could give AUD a boost
• California could raise fast-food minimum wage further
• Japan - More on Seven & i - no actionable proposal at this time
• New Zealand February business confidence 58.4% vs. 54.4% in January
• Citi predicts that the U.S. will implement a 25% tariff on copper imports by Q4 2025
• Washington Post reports the IRS will close down 120 offices
• US Commerce Secretary Howard Lutnick says April 2 is baseline reciprocal tariff data
• Japan - Seven & i to give up management buyout after Itochu withdraws
• Bloomberg reports Trump is considering pulling funding for Moderna's bird flu vaccine
• Japan's current 'Mr. Yen' doesn't see disparity between yen rise & positive economic data
• RBA's Hauser says tightness in Australia's labour market is a challenge to inflation
• Trump issues decree to implement DOGE's government efficiency initiative
• US Treas Sec Bessent says he's dedicated to making Trump's tax cuts permanent
• Forexlive Americas FX news wrap 26 Feb: Trump tariffs on Canada/Mexico starting soon.
• Trade ideas thread - Thursday, 27 February, insightful charts, technical analysis, ideas
• Nvidia (NVDA) Q4 EPS 89c (84c expected) Revenue $39.33bn (exp 38.25bn)
• Major US indices close the session mixed

The US dollar remained firm in the Asian session. Uncertainty over tariffs seems to be the cause, with a bit of backing away from risk trades.

EUR, GBP, AUD, NZD, CAD, yen and CHF are all languishing against the big dollar today.

Nvidia results were being eyed as a market saviour, but even though the firm recorded solid beats the share price hasn’t responded with much gusto at all.

Bitcoin remains offered around $85K, although its bounced from lows circa $82K.

Oil, too, languishing. Even gold is not being its usual cheery self, taking a break from its rally around $2905 as I update.

If there was a data focus today it was Australian capex for Q4. Ugly data, a series of misses with few bright spots (more in the post above).

Note the scale, while the dollar was bid here today it wasn't a huge move. Just better that most anything else.