Forex News on the Asian Market Tuesday May 19, 2020
The news that China had confirmed an 80% duty on imports of
Australian barley has seen trade in AUD … increase. After a little
fumbling around 0.6520 AUD / USD peaked just over 0.6550. This
was accompanied by a better offer NZD and GBP against USD above all
three returned their earnings over the next few hours.
had a lot of comments about the RBNZ today (despite that, the range
for NZD / USD was just over 15 points) and also a few minutes
publication of the RBA (and data from Australia as well).
of 15 or more ranges of USD / JPY points redeemed as well with little net
change for the session as I post. Similar for EUR / USD, net a touch
lower during the day, however.
dropped a bit in price during the session, which spilled over into a
touch of CAD weakness too. Gold has recovered part of its night
As I post, there is evidence of a surge in Chinese-American tension. The Global Times is state-funded media in China, its outspoken editor tweeting that the 90,000+ American deaths of COVID-19 are due to Trump’s lack of leadership in the crisis, with the President ignoring the science and responding with “witchcraft” in its place. This comes in response to Trump saying he was taking the anti-malaria drug hydroxychloroquine to help prevent infection.