Big jump for CNY at the mid-rate setting today

Forex news for Asia trading on
July 2021 

were minor swings for currencies against the USD during the session
and overall not a lot of net change. USD/JPY
and EUR/USD are little changed on the session while cable is down
just a touch. AUD/USD and NZD/USD also in the ‘little changed’

tracked as high as just over 1.2470 before coming back downb to be
also little changed as I update circa 1.2450.

People’s Bank of China slashed the USD/CNY mid rate by the most
since late in 2020 with a 340 point drop from yesterday’s mid rate
today. Authorities in China once again took action on prices, this
time announcing some fertiliser firms had been instructed to suspend

the coronavirus news front:

  • The
    Philippines capital region Manila is to be placed in lockdown
    measures from August 6, authorities there citing the spread of the
    Delta variant. Travel bans to 10 countries have been extended also.
  • The
    new case count in Sydney fell in the preceding 24 hours (see bullets
  • Japan
    will declare a state of emergency in three prefectures surrounding
    Tokyo. Osaka also.

up later
today and over
the weekend are:

  • Data
    for the Federal Reserve’s preferred measure of inflation
  • 2
    Fed speakers
  • US

    China’s official PMIs

bullets above).

Have a great weekend all! Could be some sport on the telly this weekend … Can China be caught?

Forex news for Asia trading onFriday30July 2021 

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2019 Billionaire Club Co LLC. All rights reserved

Loading the chat ...