Forex news for Asia trading on
equites slid further on the session, following on from the falls in
the US on Thursday. Yields on USTs steadied a little which might
provide a reprieve of sorts for Friday US trade.
moves from FTSE/Russell and S&P to delist some Chinese companies
was followed by the same from MSCI (news hit Thursday after US close time)
the FX front the Australian and New Zealand dollars slid a little
further taking AUD/USD to another fresh yearly low. They weren’t
alone in losing ground against the US dollar though, GBP and CAD are
also down while USD/JPY is on approach to 110 as I update. Gold
steadied above $1804.
and data flow was very light. Note the top post in the list above, no diminishing in US-China strains appears likely.
AUD/USD in 2021: