Overview: US and UK markets are closed for holidays today, contributing to the rather subdued price action today. The MSCI Asia Pacific Index rallied two percent last week, the most in three months, and most markets began off the week with modest gains. Japan, Australia, and Singapore, for notable exceptions. Europe’s Dow Jones Stoxx 600 took …
China Raises Reserve Requirement for FX, Stemming the Yuan’s Rise Read More »
Overview: The US dollar fell against most major currencies following the PBOC’s modest move to reduce the upward pressure on the yuan. Follow-through selling was seen earlier today, and sterling reached a new three-year high. However, the dollar found a bid in the European morning, while the Scandi currencies held on to most of their earlier …
CNY Softens after PBOC’s Move; Equities Advance on Stronger World Outlook Read More »
Overview: US and UK markets are closed for holidays today, contributing to the rather subdued price action today. The MSCI Asia Pacific Index rallied two percent last week, the most in three months, and most markets began off the week with modest gains. Japan, Australia, and Singapore, for notable exceptions. Europe’s Dow Jones Stoxx 600 took …
China Raises Reserve Requirement for FX, Stemming the Yuan’s Rise Read More »
Overview: The US dollar fell against most major currencies following the PBOC’s modest move to reduce the upward pressure on the yuan. Follow-through selling was seen earlier today, and sterling reached a new three-year high. However, the dollar found a bid in the European morning, while the Scandi currencies held on to most of their earlier …
CNY Softens after PBOC’s Move; Equities Advance on Stronger World Outlook Read More »