Risks stay heavy as US House cancels Thursday’s planned session, China-linked hackers attack Microsoft email server

Early Thursday in Asia, Wednesday night for the West, White House Bureau Chief Steve Herman came out with tweet suggesting the US House will close the legislative week earlier amid threats on Capitol Hill.

The media man tweeted:

Also negatively affecting the sentiment are the chatters over cyberattacks on Microsoft’s email server. However, US Congressman John Katko said there’s “nothing new” while highlighting, "The intent of Chinese-backed hackers to exploit vulnerabilities like this across American infrastructure is sadly nothing new."

FX implications

Although news relating to China has been turned down, US President Joe Biden is up for speaking at the White House and hence traders are cautious to get more clues for the much-awaited $1.9 trillion stimulus. The same weighs on the risk barometers in Asia, like AUD/USD and gold. That said, AUD/USD remains depressed around 0.7770 by press time whereas Gold drops towards $1,700 while fading the bounce off fresh low since June 2020 marked a few hours back.

Read: Gold Price Analysis: XAU/USD bears eye sub-$1,700 area amid strong yields, US dollar