ForexLive Asia FX news wrap: Australia business confidence collapses, virus outbreak accelerates

Forex news for Asia trading on
Tuesday 10 August 2021

There were some minor FX moves
only during the session. The US dollar added on a little more
strength, most notably against NZD, AUD and CAD, having said this
ranges were not large. EUR and GBP also slipped a little against the
USD while yen are CHF are not a lot changed.

There
was more movement for Bitcoin, its was swung around on the back of
news out of the US Senate on the tacking on of crypto tax measures to
the infrastructure bill. After the swings though the net change for
the session so far here is not a lot.

On
the data front the focus was the business survey out of Australia for
July. Lockdowns for the country’s two largest cities impacted
negatively, business confidence
collapsed and conditions fell also (see bullets
above).

Coming
up Tuesday in the US at 11am
Washington
time, the vote
on passage of H.R. 3684, The Infrastructure Investment & Jobs
Act, as amended. 

BTC got bounced around by the US Senate (red box indicates swings):

Forex news for Asia trading onTuesday 10 August 2021

LEAVE A COMMENT

Your email address will not be published.