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ForexLive Asia FX news wrap: Bitcoin back under $18,000

Forex news for Asia trading
for Thursday 26
November 2020

Asia FX traded in small ranges
today ahead of the long US holiday coming up for Thanksgiving.

There
was little news flow of importance for the major traded forex pairs
although the Bank of Korea did announce its latest policy decision
(on hold) and promised intervention on the won if FX markets behave
in a herd-like manner, adding that the appreciation in the won (KRW)
has been too fast.

For
data it was the New Zealand trade balance and Australian capex
figures. Neither had too much impact on the session.

The
USD has traded just a little weaker; EUR, GBP are
both up a touch while
AUD and NZD are net little changed. Gold has moved a few dollars
higher.

As I post BTC is getting sold off in a sharpish move down under 18k (hovering around there as I go to print).

Note
that US markets are closed on Thursday.

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