Home News ForexLive Asia FX news wrap: China PMIs higher in June – ForexLive

ForexLive Asia FX news wrap: China PMIs higher in June – ForexLive

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Forex news for Asia trading Tuesday 30 June 2020 

The bid for risk currencies began before the China PMI results but
the better numbers added to the gains. Some of the details of the
PMIs were not so strong but nevertheless the headlines were good
enough.

Earlier
the session coronavirus news played out with further deterioration in
the US and the reintroduction of lock down measures in some of the
latest hot-spots (see bullets above). The BBC also reported on a
potential new virus found in China, this time potential pig to human
transmission. The UK is locking down Leicester due a local outbreak.

CAD
was gainer late US/early Asia alongside the stronger AUD and NZD.
GBP, EUR also up a touch on the session. A higher USD/JPY has helped
pump up yen crosses on the day.

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