Forex news for Asia trading
for Thursday
31
December 2020
ICYMI
The US dollar once again lost
ground during the session in Asia, currencies generally higher across
the major FX board. Offshore yuan rose also, hitting highs it hasn’t
seen since June of 2018 (circa 6.49 for USD/CNH). As I post the picture is becoming more mixed though with much of the gain for currencies being given back and then some. Ranges remained small.
There
were a few news items about but none of much impact.
On the data front Chinese official PMIs came in slightly softer for
December but still sitting in ‘expansionary’ territory above the
50 dividing line.
BTC hit 29K USD at one stage, gold higher also on the session before it too reverted back to little net change.