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Asia Fx News Wrap

Some Key takeaways from last 12 hours

  1. Gold buyers gain a further edge to start the trading day
  2. Germany reports 1,390 new coronavirus cases in latest update today
  3. Coronavirus - Australian state of Tasmania says its borders will remain closed until at least December 1
  4. Coronavirus - China closes in on a vaccine, says it'll use access to it strategically
  5. FT report that Oracle has now joined in the bidding for TikTok's US operations
  6. RBA minutes show the Board sees no need to adjust policy right now - will do if necessary
  7. USD weakness extending further in Asia (not quite across the board)
  8. China has begun an anti-dumping probe into Australian wine
  9. NZ new confirmed coronavirus cases today 13 (some Australia COVID-19 news also)
  10. ANZ forecast an RBNZ negative cash rate from April 2021
  11. Citi on gold , raise their targets  lifting their short-term targets to ~$2,100/oz. 6-12m targets breaching $2,300/oz seems plausible. 
  12. M6.9 earthquake - Philippines
  13. Trump says he will be signing a pardon for a 'major figure' on Tuesday
  14. CAD - Canada's fin min Morneau has resigned
  15. Australian weekly consumer sentiment: 88.6 (vs. prior 86.5)
  16. Japan - Reuters Tankan (August) - manufacturing sentiment improved, still woeful
  17. Australia (state of Victoria) report 222 new coronavirus cases
  18. North Korea says it will convene a high level meeting on Wednesday - matter of 'crucial significance'
  19. Coronavirus - (Australia) City of Sydney added to list of COVID-19 hotspots
  20. OPEC+ JMMC meeting this week - preview
  21. More to come for the AUD rally? Fresh highs "remain within reach".
  22. Apparently the rally in bitcoin is "different this time"

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