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Forex and Bitcoin news for Asia trading Thursday 23 August 2018
Australia, as the day unfolded (read from the bottom up … we are down under!):
Other:
I was going to award the biggest loser prize to the AUD today but it has been a close run thing.
The USD kicked the game off, gently gaining pace in early Tokoy and adding to its strength throughout the session. I have heard numerous takes on the rise, combining the FOMC minutes with expectations of Powell not backing off on the lean away from accommodation at Jackson Hole later this week. Whatever it is, the USD has had a solid session here across the board: EUR, GBP, yen, CHF, NZD, CAD all down against the big dollar,
If you are looking for currency-specific sell reasons, the AUD has had a shocker, but let me pre-empt this by saying it has not been such an outstanding loser given the weight of news on it:
On Australian politics, where we stand at present, PM Turnbull says he will hold a party room meeting Friday 0200GMT if he receives a letter signed by a majority of party members requesting one. Stay tuned.
Elsewhere news and data flow was light.
The PBOC cut the CNY a little at the daily mid-rate setting.
US President Donald Trump tweeted on South Africa, dropping the ZAR.
Still to come: