ForexLive Asia-Pacific FX news wrap: Ongoing USD slide
Forex news for Asian trading on Monday 30 May 2022

We had a decent tailwind bid to carry the risk trade higher here to open the week in the Asia-Pacific session. In summary the USD traded lower. Trading higher were:

  • equities (US futures, Japan, Hong Kong)
  • oil
  • AUD, NZD … pretty much all the majors vs. The USD
  • gold
  • BTC (BTC/USD traded back to USD30K)

Data flow was zero during the timezone.

In the news were improving indications out of China. Reopening moves are consolidating despite the occasional outside-quarantine case of coronavirus. Of course, the virus remains a risk but for today the sentiment was positive:

Reminder – its a US holiday today, CME times:

globex cme memorial day hours 30 May 2022

Cash US stockmarkets are closed.