Small ranges and little net change for major FX again


Forex news for Asia trading
for Thursday
8
April 2021

It
was another lacklustre day for the major forex pairs with a small net
drop for yen crosses the result of a lower USD/JPY and a mixed
performance for currencies against the USD otherwise. Cable has
managed to add a tiny few points, while CAD is a touch softer.
AUD/USD and NZD/USD are barely changed on the session, as is EUR/USD.

News
flow was very light with nothing much of impact. Japanese media did
report new restrictions are being considered once again for Tokyo
(and some other areas) which was cited for some weakness in Japanese
stock indexes. Data flow, too, was non-impactful, New Zealand’s
flash business survey showed softer (again) business confidence.

Regional
equities:

  • Japan’s
    Nikkei -0.4%, Topix -0.8%

  • China’s
    Shanghai Composite -0.1%

  • Hong
    Kong’s Hang Seng +0.7%

  • Australia’s
    S&P/ASX 200 +0.99%

Fed Chair Powel is speaking later Thursday (see bullets above)

Forex news for Asia tradingfor Thursday8April 2021



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