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
reopened for the week with S&P eminis down more half a percent.
infection news over the weekend
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.
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
and NZD/USD are both net up for the day also.