ForexLive Asia FX news wrap: Awaiting the RBA

News

Forex news for Asia trading
Tuesday 4
August 2020 

t was less eventful than
Monday here in Asia FX trade with only a minor move higher for
USD/JPY, to circa 106.20 (just under) as I post and similarly lacklustre  ranges for other currencies. As I post the US dollar is slipping a little nearly across the board. 

US
afternoon news flow was, as has been the usual case lately, dominated
by various comments regarding the negotiations surrounding the next
tranche of economic aid for the coronavirus impacted economy. Perhaps
of most note was US House Leader Pelosi saying she did not expect a
deal to be reach this week (saying this and its only Monday – in the
US – is not promising).

On
the coronavirus vaccine front I posted on a treatment (not a vaccine)
that shows some promise (see
post above re RLF-100)
although we do await more news on this.

Data
releases were non-impactful on FX movement.

Still
to come, due at 0430GMT, is the August meeting statement from the
Reserve Bank of Australia, previews:

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