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ForexLive Asia FX news wrap: USD claws back ground

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Forex news for Asia trading on
Wednesday
25
August 2021

The
US dollar had a positive session here in Asia with notable gains
against EUR, yen, CHF and lesser against AUD and NZD. Gold, too, has
slipped lower, back under $1800.

News
flow was light (see bullets above) but from this part of the world we
saw rising coronavirus case counts in Australia (NSW new cases today
above 900 for a record high) and New Zealand. Data from Australia was
a substantial miss on construction work in Q2 which will take some
shine off Q2 GDP (this data point is due September 1) and may help
tilt it into negative (there are plenty more contributing, ‘partial’,
GDP indicators still to come so don’t ink in a negative just yet).

Asian
equity markets are: up for the Shanghai Composite and Nikkei 225, and
down for the Hang Seng. All by small percentages though. Oil
is lower. 

Its always nice when euro deigns to move during Asia:

Forex news for Asia trading onWednesday25August 2021



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