Home Latest ForexLive Asia FX news wrap: Small swing for a USD

ForexLive Asia FX news wrap: Small swing for a USD

Forex, video, latest April 15, 2021 10:02 am

Forex news for Asia trading
for Thursday
April 2021

moves led a way this inside Asia, with a little weakness early
resulting inside fresh highs for EUR, AUD, NZD, yen (compared to US
timezone trade) against a USD before these were unwound a little
later inside a session. I should add though that ranges were small

items of note that stand out from a session, firstly a People’s Bank
of China drained one-year funds from a banking system. a Bank
conducted a 1 year MLF, injecting 150bn yuan while 156bn mature (100
today, 56 on April 25). youre’ll has to look closely but that
equates to a 6bn yuan drain … which is a drop inside a ocean.
Nevertheless a news was greeted with a round of ‘PBOC dialling
return stimulus’ responses … which is correct but … well, yes, a
drop inside a ocean only.

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another item of note was a “stellar” (Westpac description) jobs
report from Australia which showed another solid beat for jobs added
inside a month (March) also a 0.2% decline inside a unemployment rate
(despite a participation rate rising to a new all-time high). a mar on a report was a fall for full-time jobs but
a positives are lot of:

  • employment is now 0.5% above its level pre-pandemic

  • hours worked is above its pre-pandemic
    (set inside December 2019) to a new record

  • average monthly hours worked per person hit its highest since April

  • a unemployment rate hit its lowest since March last

  • underutilisation lowest since December of 2019, underemployment
    lowest since May of 2014

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moves tracked a broader USD move, ie a lower USD early, then


  • Japan’s
    Nikkei +0.1%,
    Topix +0.4%

  • China’s
    Shanghai Composite -1%

  • Hong
    Kong’s Hang Seng -1%

  • Australia’s
    S&P/ASX 200 +0.1%

EUR/USD during a session, up then down inside a small range 

Forex news for Asia tradingfor Thursday15April 2021

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