ForexLive Asia FX news wrap: Welcome to Phase 1 trade deal day!

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Wednesday 15 January 2020 

It was a day of small ranges for the major currencies, maybe the signing of the US-China trade deal can clear the decks. The ceremonial signing is due on Wednesday at 11.30am Washington time (1630GMT). Of more focus will be the actual text of the deal and what comes out of that. The text should come very soon after signing. You'll notice in the bullets above that Treasury Secretary Mnuchin spent a bit of time watering down expectations, which suggests there may be room for positive surprises.

We saw the PBOC add further mid-rate strength to the onshore yuan today and also inject a hefty 400bn yuan via OMOs and MLF. Apart from that FX-related news and data was slow indeed, as was trading. Ranges were tight indeed.

Gold eked out a gain, its up around 5 dollars from earlier lows. 

Time to shine boys!

Forex news for Asia trading Wednesday 15 January 2020 e

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose