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ForexLive Asia FX news wrap: USD ticks a little higher

Forex news for Asia trading
for Tuesday
27
April 2021 

It
was a day of minor movement only in major FX, characterised by across
the board US dollar strength (small only). News and data flow were
light only. NZD was the biggest loser against the better bid USD but,
as referred to already, the magnitude of the move was small. There was
no specific news out of New Zealand of impact. At the other end of
the spectrum CAD has lost some ground but its the best against the
dollar for the session; oil
is steady.

Gold
has been notably soft, down more than $5.

BTC
was supported by Musk and Tesla – the firm said it did sell some of
the crypto (in its Q1 earnings call) but only as ‘proof of concept’
the coin could be used in place of cash. You can make your own mind
up that, but there you go. It has certainly paid a better ‘interest
rate’ so far this year!

As
I post we are awaiting the Bank of Japan policy statement.

Regional
equities:

  • Japan’s
    Nikkei -0.3%,
    Topix -0.5%

  • China’s
    Shanghai Composite -0.47%

  • Hong
    Kong’s Hang Seng -0.22%

  • Australia’s
    S&P/ASX 200 -0.41%

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