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FLASH NEWS
Friday, February 26, 2021

ForexLive Asia FX information wrap: Oil costs increased nonetheless

Foreign exchange information for Asia buying and selling
for Tuesday
23
February 2021

It
was fairly the combined bag for FX right here in Asia commerce:

  • AUD
    was robust early, popping to a contemporary excessive (in comparison with it sovernight
    vary increased) above 0.7930 earlier than dropping again to be straddling
    0.7910 as I submit. Information of a (very small) increase to the unemployment
    profit to assist ease the expiration of fiscal jobs assist on the
    finish of March helped the forex rise however as I mentioned, its all been
    given again.
  • NZD/USD
    didn’t handle to rise a lot and has since dropped below 0.7320.
  • Cable
    continues to be in the course of its session vary, as is EUR/USD.
  • USD/CAD
    dropped below 1.2590 and is backl straddinling 1.26. Financial institution of Canada
    Governor Macklem speaks Tuesday, CAD time.
  • USD/JPY
    and USD/CHF haven’t seen a lot exercise.

Oil
costs continued to rise through the session right here following their
strong positive factors throughout US commerce.

Bitcoin
had
a wild run on Monday US time and has pulled again from its bounce excessive
circa $54.9K to below 52Okay and is simply above there as I submit.

Gold
steadied round

its current excessive.

Information
and information move was gentle certainly.

The
Individuals’s Financial institution of China strengthened the onshore yuan at its every day
reference fee setting greater than was anticipated. 

Forex news for Asia tradingfor Tuesday23February 2021

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