ForexLive Asia FX news wrap: USD rise in Asia ahead of NFP

Forex news for Asia trading on
August 2021 

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.

markets in
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. 

Forex news for Asia trading onFriday6August 2021 


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