Forex news from the European trading session - 31 May 2021



  • AUD leads, CHF lags on the day
  • European equities muted
  • Gold flat at $1,903.65
  • WTI up 1.4% to $67.25
  • Bitcoin up 2.1% to $36,835

With London closed today, it was a relatively quiet session with little in terms of significant movement among major currencies.

Risk sentiment remains tepid as well and with US also observing a long weekend, there might not be much to extrapolate from the moves in trading today.

The yuan was a notable mover during the session though as it fell after the PBOC raised the FX reserve requirement ratio on financial institutions from 5% to 7%.

USD/CNH was brought higher from 6.3550 to 6.3710 as a result of the move.

Besides that, there isn't a whole lot else going on though oil is looking perky as it trades up over 1% to above $67 ahead of the OPEC+ meeting tomorrow.