Home News ForexLive Asia FX news wrap: Subdued FX ranges in Asia today – ForexLive

ForexLive Asia FX news wrap: Subdued FX ranges in Asia today – ForexLive

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Forex news for Asia trading
for Wednesday
13
January 2021

Major
FX was
stuck in tight ranges through the session here. EUR/USD (up) and
USD/JPY (down) added just a little to their US moves (weaker USD) but
there was not a lot in it.

AUD/USD
is a notable loser, not by much, with
little in the way of an obvious catalyst for the small drop. The
PBOC did set the onshore yuan weaker than expected today which had
some impact.

Gold
has been quiet, BTC spent much of the session below US$34K and is not
far from there as I post.

News
on the virus continues to be grim, China had its biggest jump in newly
confirmed daily cases for 5 months (more than 100) while the death toll in
the US moved higher at a record daily rate well above 4,000.

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