ForexLive Asia FX news wrap: Mixed bag but the USD generally a touch stronger

News

Forex news for Asia trading on
Monday
28
June 2021

Mixed results across major FX
rates today but characterised in summary by a slightly stronger US
dollar on slightly firmer US yields.

Early
trade saw cable gain some ground and the AUD choppy but lower a few
points. As the Asian morning progressed the USD traded a touch
stronger, EUR/USD dropped towards 1.1920 and us CHF rose to hit circa
0.9190. USD/JPY on the other hand is a little lower following early
highs near 110.85. AUD and NZD have been reasonably resilient, not
changed nush at all against the big dollar. Gold lost ground.

News
flow was fairly light, summarised in the bullets above. Data was
absent (although we did get Chinese industrial profits over the
weekend.

Speaking
of the weekend, UK authorities tightened crypto rules, prohibiting
popular exhange platform Binance from operating many services in the
country. BTC/USD dipped towards $30K but recovered and popped higher,
nearly reaching $35K in the morning here. More in the posts above.

HKEX
morning session trade was cancelled due to a ‘black’ rainstorm
warning (severe storm).

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