FOREX NEWS

ForexLive Asia FX news wrap: US equity indexes bounce – ForexLive


Forex news for Asia trading
for Thursday 29
October 2020

After Wednesday’s (US time)
stock market selling there was a bounce for US equity index
futures in overnight trade on Globex. The
move was not driven by any notable news nor data release.

For
currencies its was a subdued session. USD/JPY was notably a little
better bid, trading up towards 104.50. Just after midday in Tokyo we
had the Bank of Japan October policy statement and Outlook report.
There was no change to policy although the Bank’s view was
downgraded
(see bullets above).

The
HKD, too, was a mover. After many months of seemingly being nailed
to its 7.75 floor USD/HKD rose a little.

EUR,
GBP, NZD, CAD are all little changed against the dollar. With USD/JPY
rising yen crosses are up, of course. As I update, USD/CHF has dropped
back under 0.9100, down
just a touch on the session.

Taiwan
celebrated going 200 days without a locally transmitted coronavirus
case.

USD/HKD:

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