Forex news for Asia trading on
US dollar had gains during the session here across the major forex
rate board. Normally
ahead of a nonfarm payroll data release Asia is a little quiet, but
today we have seen a slow grind higher for the dollar.
Australian dollar was the biggest loser with Reserve Bank of
Australia Governor Lowe giving fairly upbeat testimony before a
parliamentary committee but mentioning AUD weakness (see bullets
above). NZD, EUR, GBP, CAD, yen and CHF all lost ground too.
the region were
a little mixed. China
and HK declined, the crackdown on tech from Chinese regulators
continuing to reverberate. As
I update the Shanghai Composite and Hang Seng are off circa 0.4%
each. Japan’s Nikkei 225 is up half a percent.
In the US Senate, infrastructure bill amendment process debate was called off for the data late Thursday with no vote. Debate will resume noon Saturday says majority leader Schumer.