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Asia FX slips, Chinese yuan surges on reopening optimism
China’s yuan led gains across Asian currencies on Monday amid growing optimism over the scaling back of some strict anti-COVID measures, while most other Asian currencies fell as the dollar steadied on hawkish comments from Federal Reserve officials.
The yuan jumped 1% to 7.0375 against the dollar, its strongest level in nearly two months. The offshore yuan also rose 0.8%.
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Commodity | Support | Resistance |
Gold [05 Dec] | 52078 | 52562 |
Silver [05 Dec] | 60898 | 62504 |
Crude Oil [18 Nov] | 7006 | 7250 |
Natural Gas [25 Nov] | 454 | 510 |
Copper [30 Nov] | 695 | 706 |
Lead [30 Nov] | 181 | 183 |
Zinc [30 Nov] | 263 | 274 |
Aluminium [30 Nov] | 205 | 216 |
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Commodity | Resistance | Support |
Gold | 52599.9 | 52068.1 |
Silver | 62454.5 | 60687.5 |
Crude Oil | 7191.7 | 7056.3 |
Natural Gas | 491.5 | 460.5 |
Copper | 708.4 | 696.1 |
Zinc | 272.7 | 266.8 |