Day: March 5, 2019

Dollar Remains Firms as China Cuts Growth Target and Taxes, while EMU PMI Surprises on Upside

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Overview:  It is an eventful day, but the capital markets are taking it in stride.  Equity markets are mixed.  Asia may have been weighed down by China’s shaving its growth target and announced around CNY2 trillion (~$300 bln) in tax cuts to support the economy, though Chinese stocks edged higher.  India was the other major …

Dollar Remains Firms as China Cuts Growth Target and Taxes, while EMU PMI Surprises on Upside Read More »

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