Forex news for Asia trading
Friday 10 July
Singapore markets were closed
today which thinned out Asia trade somewhat but did not lead to much
in the way of volatility.
weakness across equity and FX risk persisted in the session here with
a bid for the USD carrying through during Asia morning trade. Stock
in China also slid, in addition to the follow-though from US trade
local (state pension fund) selling of large cap China stocks weighed.
News and data flow was light. We had the usual dreadful coronavirus figures out of the US, cases, hospitalisations, deaths all higher; hospitals continuing to be pressured due to capacity limits being approached.
It was a third day of record fatalities in Texas at 105: