Forex news for Asia trading
for Tuesday
4
May 2021

After
the slump for the US dollar on Monday US time there wasa small
rebound here during the holiday-thinned session (Reminder – Japanese
and Chinese markets are closed from May 1 to May 5).

EUR,
AUD, NZD, yen, GBP, CAD, CHF
all
slid. There
was very little news flow (see bullets above) while data of most note
was a big miss on Australian exports in March in the trade balance
data. Australian
housing finance for the month of March crossed also, showing a surge
in investment borrowing while first home buying finance languished.

Gold
is more or less steady on the session while the BTC and flavour of
the month ETH lost ground, net, for the session.

Yet
to come today is the May 2021 Reserve Bank of Australia monetary
policy decision:

Forex news for Asia tradingfor Tuesday4May 2021

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