FOREX NEWS

ForexLive Asia FX news wrap: Bitcoin slides further – ForexLive


Forex news for Asia trading
for Friday
22
January 2021

BTC/USD
dropped under $30,000 and back to its early-January level during the
session here, adding to losses sustained in the past two days or
so. It dipped very briefly to just under $29K but has since managed
to climb above $30k again.

It
was not only BTC falling during the session here, nerves seemed to
dominate with lower prices for AUD, NZD, CAD, gold and silver (GBP
too) ahead of the weekend. Further
compounding nerves a little is new US President Biden to speak in the
afternoon Washington time with Europe and UK trade having finished
for the day leaving only North American markets open.

EUR/USD
was resilient, holding its gains from US afternoon / Asia morning
trade. The test will come in Europe time.

Data today – New Zealand inflation rose ahead of expectations prompting analysts to dial back expectations for negative rates from the Reserve Bank of New Zealand. 

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