Forex Today: Growth, covid and Chinese techlash concerns mai

Forex Today: Growth, covid and Chinese techlash concerns maintain cautious mood, AUD/USD stands out


Forex Today: Growth, covid and Chinese techlash concerns maintain cautious mood, AUD/USD stands outNEWS |
8/3/2021 6:34:26 AM GMT
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By Yohay Elam
Here is what you need to know on Tuesday, August 3:
Markets are in a cautious mood after China spooks the gaming industry, Delta covid cases continue rising and the US ISM Manufacturing PMI misses estimates. The dollar is edging lower with falling yields. The Aussie stands out after a hawkish RBA decision. Ethereum's changes are causing high volatility.
Shares in Asia are under pressure after an editorial on a Chinese outlet called the gaming industry "spiritual opium," in what is seen as another step in its reining in tech companies. The risk-off mood has an impact also on European stocks.

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