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ForexLive Asia FX news wrap: Markets shake off the worries – ForexLive

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Forex news for Asia trading Monday 29 June 2020 

The session began with a weaker tone for risk currencies early in
Asia albeit in ranges that were limited. AUD and NZD were both a
touch lower than their levels late on Friday, as was CAD. Compunding
the risk wariness was an early bid for yen. EUR/USD and GBP/USD began
little changed.

Globes
reopened for the week with S&P eminis down more half a percent.

Coronavirus
infection news over the weekend

These
early blips proved to be just that however, as liquidity improved
with more Asian centres coming online for the session risk trades
steadied. There were a couple of positive vaccine reports out of
China that got some attention and chased a few shorts out.

As
of posting EUR/USD has had a 25 or so point gain for the day, cable
is up even a little stronger. Yen crosses had been gaining also but
an unwind of USD/JPY from highs above 107.35 took some of the steam
out.

AUD/USD
and NZD/USD are both net up for the day also. 

Forex news for Asia trading Monday 29 June 2020 

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