Home News ForexLive Asia FX news wrap: Some flow out of USD, small moves only – ForexLive

ForexLive Asia FX news wrap: Some flow out of USD, small moves only – ForexLive

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Forex news for Asia trading
Monday 13
July 2020 

Weekend:

There
was a small bid for risk to open the week today, the
headlines capturing the capitulation of President Trump in finally
wearing a mask. Trump was visiting a hospital and was sighted in a
mask. There were other factors for the risk bid, of course, but the
weekend pictures of the President gave some hope he might be taking
the continuing wave of virus destruction in the US a little more
seriously. We’ll see.

Coronavirus
figures from the US continued their relentless climb, although
perhaps with a lower rate of acceleration. Weekend counts can often
be understated, though, as we have come to expect, so we await further
clarity in the early days of the week.

Coronavirus
numbers in Asia, while nowhere near the vast scale of those in the US
epicentre, nevertheless are showing higher; Japan, Australia, Korea,
Hong Kong cases all rising again. Apart from the human toll there is
the economic cost as recovery may be postponed further.

GBP,
EUR, AUD, CAD, even CHF and yen all showed some stregnth against the
USD today although ranges were not large. NZD was a bit of a laggard,
its little changed from its late Friday level. 

There was no data of note released during the session.

Forex news for Asia tradingMonday 13July 2020 .

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