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Asia FX Steadies as Dollar Rebound Slows Ahead of Fed Minutes 0
- FOREX
- January 4, 2023
Most Asian currencies rose slightly on Wednesday as a recovery in the dollar appeared to have run out of steam, with markets now awaiting fresh cues on U.S. monetary policy from the minutes of the Federal Reserve’s December meeting. Regional currencies came under pressure on Tuesday as sentiment was dented by a warning from the
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Asia FX Sinks as Caution Over Fed, CPI inflation, Boosts Dollar 0
- Stock Market
- December 12, 2022
Most Asian currencies fell on Monday, while the dollar rose as markets hunkered down ahead of highly awaited signals on U.S. monetary policy from a Federal Reserve meeting and a reading on U.S. consumer inflation. Most regional units were also nursing losses from last week, amid growing concerns over a potential recession in 2023, which
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ASIA FX RISES ON WEAKENING DOLLAR, YUAN DIPS AS ZERO COVID PERSISTS 0
- Stock Market
- October 17, 2022
Asian currencies rose slightly on Monday, recovering some lost ground from last week as the dollar retreated, although China’s commitment to maintaining its strict zero-COVID policy dented the yuan The Chinese currency fell 0.1%, coming close to breaching the 7.2 level against the dollar after President Xi Jinping said the country has no plans to
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Asia FX Rises in Holiday Trade as China Recovery Bets Grow 0
- FOREX
- January 23, 2023
Most Asian currencies strengthened in thin trade on Monday, while the dollar weakened further amid growing bets that the Chinese economy will bounce back this year, with focus also turning to key U.S. data due this week. Regional trading volumes were limited with most markets closed for the Lunar New Year. But markets are betting
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Asia FX Rallies, Dollar Tumbles As Markets Bet on Fed Pivot 0
- Economy
- February 2, 2023
Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve hiked interest rates, with markets betting that a U.S. economic slowdown will force the bank into reversing its hawkish stance this year. The Chinese yuan rose 0.4% and came close to a seven-month high against
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Asia FX Rallies on China Reopening Fervor, Dollar Hits 5-Month Low 0
- Economy
- December 5, 2022
Most Asian currencies rose sharply on Monday as more Chinese cities relaxed some anti-COVID measures, while improving risk appetite and expectations of smaller rate hikes saw the dollar sink to an over five-month low. The yuan was the best performer for the day, rising 0.9% to 6.9628- its strongest level against the dollar since mid-September.
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