The USD is Falling in Asian Trade: Market Movers - Forex News by FX Leaders
Markets are Moving

The USD is Falling in Asian Trade: Market Movers

Posted Thursday, June 20, 2019 by
Rowan Crosby • 1 min read

Just a quick look around at some of the key moves on the back of the FOMC remaining dovish.

GOLD is pressing higher today and is spiking towards the key 1400 level. It looks like the gold bugs are in full bull mode which is interesting given the dovish outlook we’ve heard. But uncertainty remains high.

The NZD/USD jumped earlier today thanks to a better than anticipated GDP print out of NZ. That has been helped by a weak USD.

The AUD/USD awaits Governor Lowe today, but is higher and into the 0.6900 level once again.

The USD/JPY is tumbling and the JPY remains bid up. The BOJ is ahead but it won’t likely matter that much today.

Clearly the weak Greenback and strong gold are the major themes of the Asian session so far. It will be interesting to see if the selling continues into the US session. The dollar index has slipped below 97.00 which is a big drop.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of