ForexLive Asia FX news wrap: Currencies mixed against the dollar

Forex news for Asia trading on
Tuesday
11
May 2021

US
timezone moves continued on here in Asia for th early part of the
session with lower rates for EUR, AUD, CAD, NZD, GBP against the US
dollar and US equity index futures following thorugh lower also.

The
moves did not carry on for too long though and as I post currencies
are now showing mixed, with EUR, AUD net positive for the session.

News
flow was light, same for data releases.

China CPI and PPI data was released during the session. Most notable was the PPI coming in well above the central median estimate while CPI was a touch lower than its. Industrial commodities in China futures today eased back from their rapid-pace gains. 

 more to come  

Regional
equities:

  • Japan’s
    Nikkei -2.8%, Topix -2%

  • China’s
    Shanghai Composite -0.49%

  • Hong
    Kong’s Hang Seng -2.11%

  • Australia’s
    S&P/ASX 200 -1.21%

BTC had an early drop and is back heading down again as I update:

Forex news for Asia trading onTuesday11May 2021

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