Forex news for Asia trading
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).
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.
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.
was relatively steady, CHF is a touch weaker.
are market holidays across most major forex centres in Asia tomorrow
(Friday) but Japan is trading (see bullets above).