ForexLive Asia FX news wrap: Risk rise (retrace) again in Asia

Forex news for Asia trading on
Thursday
2
December 2021 

Every day so far this week has
seen losses for the USD and
a bid for ‘risk’
emerge during Asia morning trade. Today is no different. US equity
index futures have ticked higher, ES
is up by over half a
percent as I post, admittedly small potatoes after the thrashing US
stocks received into the local cash close on Wednesday.

Over
in FX, the dollar is lower with EUR, GBP up notably as are AUD, CAD
and NZD to a lesser extent. USD/JPY has inched higher which has
given, of course, a tailwind to yen crosses here. USD/CHF,
on the other hand, has lost (a little) ground.

There
was no news of a game-changing nature but there were slight easings
of Omicron-related flight restrictions from France and Japan (see
bullets above). An internal border in Australia has tightened a
touch.

From the Federal Reserve we heard from Cleveland President Loretta Mester, who was quick to approve of potential quicker tapering and even said two hikes could be coming in the new year. 

Not just in Soweto:

Forex news for Asia trading onThursday2December 2021 

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