ForexLive Asia FX news wrap: GBP drifts lower, XRP too

Forex news for Asia trading
for Tuesday
22
December 2020

FX markets traded in a more
subdued fashion today compared with Monday, with GBP drifting a
little lower on the session here but not making too many waves.
Brexit-related news was light as was virus-related news out of the UK. Cable dipped to just under 1.3405
and its not much higher than there as I post.

NZD/USD
has seen a drop on the session also, in the absence of any specific
news. EUR, AUD, yen, CHF and CAD have also lost some ground against
the USD during the session also.

The
only data of note were retail sales from Australia (November,
preliminary) which showed a strong surge to easily beat estimates.

In
the US, the coronavirus economic relief bill was approved in the
House of Representatives and is now, as I update, awaiting a vote in
the Senate.

On
the crypto
front news crossed that the US Securities and Exchange Commission is
to file
a suit alleging Ripple
violated investor-protection laws when it sold XRP. XRP is a big part
of the crypto space and its price sold off somewhat on this news
today: