FOREX NEWS

ForexLive Asia FX news wrap: Further flows to the USD – ForexLive


Forex news for Asia trading
Wednesday 23
September 2020

USD strength extended a little
further during the Asian timezone today, even against the yen.
USD/JPY moved to a high circa 105.20 and as I update its drifted back
to the middle of its range just under 105.10.

EUR,
GBP, CHF, CAD and AUD are all lower against the big dollar. The
Australian dollar was helped lower by a change in RBA forecast from
Westpac, the bank now expecting further easing at the October 6
policy meeting. NAB are tipping either October or November. In
addition to the change in expectations on central bank policy analysts elsewhere
downgraded forecasts for the price of iron ore, not dramatically and following the price falls we have already seen.

NZD/USD
traded lower with the stronger USD but did recover on the
announcement of the Reserve Bank of New Zealand policy announcement
(see bullets above, but the “in a nutshell” summary is no change was
announced, as expected). As I update NZD/USD is mid-range for the
session.

As
a note, China has halted the import of seafood products from a
Norwegian firm after coronavirus was found on packaging. 

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