FOREX NEWS

ForexLive Asia FX news wrap: Oil gapped higher at the open, retraced and filled – ForexLive


Forex news for Asia trading on
Monday
30
August 2021

Weekend:

Hurricane Ida made landfall on
the US gulf coast bringing
damaging winds and rain and shutting down the bulk of oil
production.
Oil prices had gained ground through last week and the gap higher in
price in Sunday
evening opening
US trade was subsequently filled in.

Across
the FX space ranges were subdued, Asian traders not showing much
response in price acitivty at least to the speech from Fed Chair out
of the Jackson Hole (virtual) symposium. EUR/USD and GBP/USD have
ticked a few points higher from late Friday levels while
AUD,
NZD, CAD are all little net changed against
the USD.

USD/CHF
traded lower early here but has subsequently moved to little net
change.

Regional
equities:

BTC weekend update;

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