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

Forex news for Asia trading
for Thursday
February 2021

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

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.

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

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

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

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