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Forex news for Asia trading
for Tuesday
23
February 2021
It
was quite the mixed bag for FX here in Asia trade:
- AUD
was strong early, popping to a fresh high (compared to it sovernight
range higher) above 0.7930 before dropping back to be straddling
0.7910 as I post. News of a (very small) boost to the unemployment
benefit to help ease the expiration of fiscal jobs support at the
end of March helped the currency rise but as I said, its all been
given back. - NZD/USD
did not manage to rise much and has since dropped under 0.7320. - Cable
is still in the middle of its session range, as is EUR/USD. - USD/CAD
dropped under 1.2590 and is backl straddinling 1.26. Bank of Canada
Governor Macklem speaks Tuesday, CAD time. - USD/JPY
and USD/CHF have not seen much activity.
Oil
prices continued to rise during the session here following their
solid gains during US trade.
Bitcoin
had
a wild run on Monday US time and has pulled back from its bounce high
circa $54.9K to under 52K and is just above there as I post.
Gold
steadied around
its recent high.
News
and data flow was light indeed.
The
People’s Bank of China strengthened the onshore yuan at its daily
reference rate setting more than was expected.
This article was originally published by Forexlive.com. Read the original article here.