Asian Stocks Mixed, USD Bullish

The Us dollar is gaining mostly against majors with the rally well supported by rising yields in the US bond markets. Biden’s plan to boost the infrastructure adds to the positive stimulus. However, the US-China trade conflict under the Biden’s administration and overheating could spoil the upside momentum in the dollar in the longer run.

Asian shares dwindle during early Tuesday as traders fear default of a major US hedge fund. Markets continue following the collapse of Archegos Capital, a family fund that collapsed on Friday, causing leveraged trades to cause shocks in markets and incurring losses on several banks.

EURUSD is on the back foot, trading near the lowest this year as the old continent continues struggling with the vaccine rollout. GBPUSD is holding up as the UK continues opening up and cases are falling. Oil is stable following the reopening of the Suez Canal.

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Symbol Bid Ask Spread
EURUSD 1.19808 1.19833 2.5
GBPUSD 1.38295 1.38463 16.8
USDCAD 1.25068 1.25100 3.2
USDJPY 108.782 108.808 2.6
USDCHF 0.91983 0.92008 2.5
AUDUSD 0.77342 0.77388 4.6
NZDUSD 0.71419 0.71472 5.3
EURGBP 0.86549 0.86631 8.2
EURCHF 1.10216 1.10246 3
EURJPY 130.347 130.375 2.8
AUDJPY 84.142 84.192 5
GBPJPY 150.484 150.588 10.4
USDSGD 1.33397 1.33443 4.6
XAUUSD 1775.61 1775.93 32
XAGUSD 25.930 25.964 3.4

The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.

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