Forex news for Asia trading on
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:
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.
new case count in Sydney fell in the preceding 24 hours (see bullets
will declare a state of emergency in three prefectures surrounding
Tokyo. Osaka also.
today and over
the weekend are:
for the Federal Reserve’s preferred measure of inflation
China’s official PMIs
Have a great weekend all! Could be some sport on the telly this weekend … Can China be caught?