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ForexLive Asia FX news wrap: USD weaker

November 30, 2021 by admin 0 Comments

Forex news for Asia trading on
Tuesday
30
November 2021

The USD was weaker across much
of the major FX board with AUD, EUR, NZD, GBP all up. USD/JPY has
been more mixed and as I post is little net changed on the session.

The
dissipation of Omricon fears continued during the Asia session, but
the jury is still out on how the impact of the new variant will play
out – little is as yet decided on its health effects. I posted in
the wrap on Monday on how one school of thought is that the variant
has a greater transmissibility and less severe health consequences, a
combination that may on balance be beneficial. This take is gaining
wider acceptance, but, as I said, its too early to tell.

China’s 3 official PMIs are now in expansion.

Oil
and gold have both steadied a little higher in price than in late US
trade.

This article was originally published by Forexlive.com. Read the original article here.

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