ForexLive Asia FX news wrap: Losses for the US dollar today

Forex news for Asia trading
for Friday
26
March 2021

Regional
equities picked up on positive sentiment following the good Thursday
on Wall Street, some of the gains have been impressive indeed:

  • Japan’s Nikkei +1.5%
  • China’s Shanghai Composite +1.3%
  • Hong Kong’s Hang Seng +1.2%
  • Australia’s S&P/ASX 200 +0.5%

Other
China indices:

  • Chinext up more than 3%
  • CSI300 up more than 2%

‘Risk’
across the FX space headed a little higher also, led by AUD and NZD
after both had a soft
week. GBP and CAD benefitted too from the weaker USD on the session.
The USD did gain against the yen though. Data from Japan today showed
once again inflation well under target. EUR/USD was a laggard on the
session, although it is up small. Comments out of Europe Thursday
evening were wide-ranging but concerns were raised again about the ‘3rd
wave’ and slow vaccinations. France seems to be bumbling deeper
into trouble, Germany’s Angela
Merkel signalled that Germany will declare France a high-risk virus
area, which would trigger a negative Covid-19 test requirement for
anyone entering from France.

China’s
onshore yuan was set at its weakest since the first week of January
by the People’s Bank of China today. 

Forex news for Asia tradingfor Friday26March 2021
Source

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