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ForexLive Asia FX news wrap: Chinese stocks open higher

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Forex news for Asia trading on
Thursday
29
July 2021

Chinese
stock markets opened higher on the session today following more
efforts from authorities to calm markets including:

  • China’s
    securities regulator met with executives of major investment banks
    on Wednesday night
  • More
    positive stock market items in Chinese financial media Thursday
    morning
  • the
    People’s Bank of China injected liquidity into the banking system
    on Thursday morning
  • plenty
    of chatter about state-linked funds buying

Coronavirus
news flow intensified with:

  • Japan
    considering further action as cases mount
  • Mask
    mandates, public and private, being reintroduced in the US,
    particularly for areas lagging in vaccinations
  • Australia’s
    largest city, Sydney, saw a big rise in cases and further tightening
    of restrictions

The
yen has gained during the session, USD/JPY hit lows under 109.70.
EUR, GBP and CAD are all up a little against the dollar also, to
varying extents (none recorded large ranges). AUD and NZD lagged a
little and are not a lot changed.

Bitcoin traded just under $40k.

Shanghai Comp (5 min bars)

Forex news for Asia trading onThursday29July 2021



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