Asian Currencies Mostly Consolidate; Traders Assess U.S.-U.K. Framework for Trade Deal
0034 GMT — Asian currencies mostly consolidate in the early morning Asian session as traders assess the U.S.-U.K. framework for a trade deal that was unveiled overnight. Initial market reaction to the framework was bullish, but the degree of enthusiasm waned, NAB's Tapas Strickland says in commentary. This is only a framework and has many unresolved issues, the head of market economics says. Also, this is an agreement where the U.S. already runs a goods trade surplus with the U.K., and final details are still being negotiated, Strickland adds. USD/JPY edges 0.1% higher to 146.05; AUD/USD sheds 0.2% to 0.6389; USD/CNH is steady at 7.2438. (ronnie.harui@wsj.com)
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