Asian equities trades were mixed on Monday. Chinese stocks close sharply higher due to Beijing’s stimulus measures. Nikkei was down over 4.80% after Ishiba won the LDP election. Asian stock markets trade mixed on Monday. The Chinese stocks lead gains on more policy measures in China, while the concerns Japan’s new Prime Minister favores normalizing interest rates […]
At the Third Plenum, China vowed to improve the market mechanism and create a fairer market environment for private businesses. Further opening-up was also highlighted, Danske Bank’s Chief Analyst Allan von Mehren notes. China wants to create a fairer market environment “This is an important signal at a time when popular perception is that China […]
Share: USD/MXN stays pressured at the lowest level in three weeks while taking offers to 16.90 amid early Wednesday. In doing so, the Mexican Peso (MXN) pair ignores the broad US Dollar strength by printing a six-day losing streak amid downbeat options market bias for the pair, suggesting the market’s optimism for Peso. […]
Share: USD/MXN remains on the back foot at the lowest levels since December 2015, making rounds to 16.75 while fading the early Monday’s corrective bounce during Tuesday’s Asian session. That said, the Mexican Peso (MXN) pair dropped in the last seven consecutive days amid broad-based US Dollar weakness, mainly driven by the concerns […]
Share: Japan’s top currency diplomat Masato Kanda said early Tuesday that he is communicating with various countries including the US over currencies, per Reuters. It’s worth noting that Japan Chief Cabinet Secretary Hirokazu Matsuno and Finance Minister (FinMin) Shunichi Suzuki have also recently flagged concerns about the Asian major’s market intervention as the […]
