Forex news for Asia trading
for Thursday
1 April 2021

Those (in the headline) three were the biggest losers against the US dollar during the timezone here
today. There was plenty of data released for Australia (a mixed bag)
but these do not really explain the drift lower for all three
currencies. US President Biden outlined his infrastructure plan, and
corporate tax hike, but these were reasonably well flagged ahead of
time. There was also news of a delay of increased production in J&Js
vaccine (see bullets above).

Oil
price weakness is a potential smoking gun for the commodity currency
weakness, we get the OPEC+ decision on output later Thursday so this
may well be reversed.

The
Canadian province of Ontario is to go into a 28 day coronavirus
lockdown. Japan is to tighten
COVID-19 related restrictions in Osaka and 2 prefectures.

Yen
was relatively steady, CHF is a touch weaker.

There
are market holidays across most major forex centres in Asia tomorrow
(Friday) but Japan is trading (see bullets above). 

Forex news for Asia tradingfor Thursday1 April 2021

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