Forex news for Asia trading on
Limited ranges prevailed across
the board for major FX here in Asia on Monday to open the week.
Within the small ranges
the general theme was a touch of weakness for the US dollar. GBP,
EUR, AUD, NZD, CAD are all better bid against the dollar while
USD/JPY and USD/CHF are net very little changed indeed.
data focus for the session was China’s economic activity data for
October with both industrial production and retail sales beating on
estimates m/m even as the year-to-date figures dripped lower than
they were for the YTD in September.
from China today was the news of an enormous 1tln yuan injection from
the People’s Bank of China via a medium-term lending facility
(MLF). The ‘however’ to this was, though, that the injection was
to offset 1tln in maturing facilities.
report its flash reading for Q3 GDP today, showing a larger
contraction than was expected.
has been on the move, as I post BTC/USD has traded back to above
US$66K, its presently just a little under there.