Forex news for Asia trading on
declined over the weekend with Bitcoin, for example, trading close
to (but not touching)
US$31K before rebounding to highs close to $36K. The
renewed weakness came in the light of China yet again reiterating a
‘crack down’ on crypto activity back on Friday.
from China were further comments re tightening supervision of
industrial commodity futures markets which sent iron ore (for
example) down near 10% (other futures contracts declined also).
on all this in the bullets above.
major FX the ranges have not been large. The Australian dollar was off a
touch on the China commodity market supervision news (ps. its not new
news per se, its more of the same of what we were getting last week).
Elsewhere across the major currencies against the dollar its hardly
worth mentioning the moves, they have been minor only.
in Vienna (US/Iran) seem to be still on track, weekend news that
nuclear observation of Iran had halted was wound back by Iran
indicating it was preparing to extend access (see bullets above).
Gold was a little better bid but is off its Monday highs: