ForexLive Asia FX news wrap: USD catches a bit of a bid

Forex news for Asia trading on
Thursday
4
November 2021

Post-links Paragraph Text Here, don’t forget an image.

Coming up ahead:

The
steepening yield curve in the wake of the Federal Open Market
Committee announcement and Powell’s press conference remained here
during Asia trade. Following on for the gains on Wall Street regional
indices were stable to firm. Across the FX space it was fairly
sedate, after the wait for the FOMC attention shifted to waiting for
the Bank of England later Thursday and then the nonfarm payroll
report on Friday.

USD/JPY
moved to highs above 114.20 but so far has not done much adding to
gains beyond there. The USD is also a little better bid against EUR,
GBP, CAD while its difficult to discern much net change in AUD and
NZD.

Oil
was steady after its continued falls overnight. Lower oil is being
cited as a result of nuclear talks to recommence with Iran and thus
Iran returning to the oil market. I’d humbly suggest this is a
flawed narrative – Iran’s (potential) return is still a good ways
off into the future.

Forex news for Asia trading onThursday4November 2021

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