FOREX NEWS

ForexLive Asia FX news wrap: Gold, silver down – ForexLive


Forex news for Asia trading
for Thursday
4
February 2021

There
was a slow drip of various news and data items during the session,
none of which had too much impact. Check out the bullets above for
these.

The
Australian dollar led the strength against the USD in the first part
of the session and
as I post its tenaciously holding its net gain for the session while
other major FX slips into the red against the dollar. There is no
obvious news nor data catalyst to drive the move.

Gold
has been weak on the day, its down more than 10 US dollars, and
recent market darling silver is lower also.

Bitcoin
posted gains above $38K but has since slipped back under.

The
People’s Bank of China did not inject funds (net) into the banking
system today, but they did use 14-day reverse repos for the injection
to balance out maturing 7-dayers which will extend liquidity over
the new year holidays
coming up (February
11 – 17
inclusive). 

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