Asia-Pacific Wrap

ForexLive Asia FX news wrap: Yuan weakens Forex news for Asia trading for Monday 12 October 2020 It was weekend news from the People's Bank of China that triggered the biggest forex movement for the session with the Bank cutting the requirement for financial institutions to hold cash to zero (from 20%) when their clients sold yuan for other currency in the forward FX market (see bullets above).... Read full article Here are the 4 international holiday destinations that'll be in Australia's travel bubble PM Morrisson has nominated Singapore, Japan, Korea, and the Pacific as being under consideration but does caution this will take some time. Morrison says he'll be speaking: In Australia's second largest city residents are permitted to travel anywhere they like ... within 5km (about 3 miles) of their home (and if they have a valid reason!).... Read full article Yuan trade the focus in Asia so far on Monday after the weekend PBOC policy move Over the weekend the People's Bank of China told banks/financial institutions in the country they would no longer need to set aside cash as reserves when purchasing forex for clients through currency forwards.... Read full article PBOC vice governor says worsening US-China relations a risk to financial network People's Bank of China vice governor Fan says deteriorating relations between the two countries present huge risks to tech supply chain security for China's financial network.... Read full article AUD traders (NZD too), a note for your diary - RBA Governor Lowe to speak October 15 Reserve Bank of Australia Governor Lowe will deliver a speech at the Citi Australia and New Zealand Annual Investment Conference. For the Kiwi folks, RBNZ Assistant Governor Christian Hawkesby speaks the day before.... Read full article Read The Full Feed Latest Forex Orders FX option expiries for Monday, October 12 at the 10am NY cut USD/JPY  105.75 419m USD amount   106.00 1.4bn  106.10 370m  106.75 354m  GBP/USD  1.3010 291m GBP  1.3050 219m  AUD/USD  0.7200 1.0bn AUD  EUR/GBP  0.8975 400m euro amount For bank trade ideas, check out eFX Plus  All Forex Orders Cryptocurrency Technical Analysis Education Economic Calendar Forex Brokers Are you subscribed to our events? Join now and get informed Subscribe Connect with us on your favorite social network

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