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ForexLive Asia FX news wrap: FX ranges ignore US Presidential debate – ForexLive

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Forex news for Asia trading
Wednesday 30
September 2020 

It was a packed day for data
in the Asian timezone and, of course, the focus was the US
Presidential Debate. Despite all this forex ranges were subdued
indeed. Equity index futures though, showed a bid, S&P500 emini
trade on Globex is up 0.5% as I post.

Who
‘won’ the debate? I am not sure it matters given there are still
another two to come. I am not sure either candidate did much more than solidify
support with his own respective base (I should note that betting markets have given the win to Bdien, just by a few points though). Trump was his usual
bulldozer self, Biden was quieter and got in some shots. Polls have
him in front, is it enough? Two more debates and a month of
campaigning to come.

USD/JPY
had an early move above 105.75 but as I post is dipping towards 105.60. which leaves it little changed for the session. Up also is EUR/USD, from lows circa 1.1740
to just above 1.1750. Cable was  nudging 1.2870 but it too has dipped post-debate 

NZD/USD
is a better performer, its gained 20 points on the session to above
0.6600 and is not far from his as I post.

Gold is down just a few dollars on the session. 

Forex news for Asia tradingWednesday 30September 2020 

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