Forex News for Trading in Asia for Thursday April 7th, 2022
Thursday, 07/04/2022 | 02:57 GMT-0
07/04/2022 | 02:57 GMT-0
It was a session of minor moves only on the main FX chart:
EUR/USD has indeed changed very little, up a few ticks. Same for the cable.
AUD/USD and NZD/USD both lost a few points and, as I report, dipped just below their lows seen on Wednesday US time. Australian Trade figures for February showed a much higher level of imports than expected (thus wrecking the trade surplus (see points above)). In the import data, consumer goods and fuels/energy were the main contributors, partly reflecting higher prices.
USD/CAD edged higher above Wednesday’s US high.
USD/JPY fell below 123.70 and US hourly lows. There were comments from the Bank of Japan (see bullet points above) but nothing surprising.
Oil and gold changed little over the session.
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