Forex news for Asia trading on
Friday
11
June 2021

More on the bipartisan US senators infrastructure package – circa $1.2tln over 8 years

Post
US-CPI data day in Asia saw major forex rates with barely a pulse.
Asia
assessed the US data as most likely indicating ‘transitory’
inflation (this is not a unanimous view, there are plenty of takes
seeing more persistent inflation ahead) with US yields holding around
lows.

Fresh
news flow of any interest to FX was non-existent. The only item that
maybe could have caused a stir, but did not, was that a group of US
senators (bipartisan) had reached agreement on a US$1.2tln
infrastructure package and how to pay for it. There is still
negotiation to be done on this, with party members (on both sides)
and the US administration. Data released here during the session
failed to have an impact either.

EUR/USD,
USD/JPY (and hence EUR/JPY) are up a few tics. CAD, AUD and NZD are
all little changed. Gold too is little changed, hovering around its
overnight post-CPI high.

BTC
has remained relatively subdued (for it), just above $36K as I
update. 

Have a great weekend everyone, when it finally comes around. 

EUR/JPY with a 25 or so point rally and hence a star of the Asia timezone show today;

Forex news for Asia trading onFriday11June 2021

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