Category: Asia
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Asia FX steady as yen rally cools, dollar at 7-mth low amid rate cut bets By Investing.com
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Most Asian currencies were steady on Wednesday with the Japanese yen slightly weaker after a strong rally earlier this week, while continued bets on a U.S. interest rate cut saw the dollar fall to seven-month lows. The strength in the yen pointed to a sustained decline in the carry trade…
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Asia FX muted, dollar at 7-mth low with rate cuts in focus By Investing.com
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Most Asian currencies rose on Tuesday, while the dollar held at its lowest level in more than seven months amid growing conviction that the Federal Reserve will cut interest rates in September. The dollar’s weakness comes just days before Federal Reserve Chairman Jerome Powell speaks at the Jackson Hole symposium…
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Shares in Asia Advance With Jackson Hole in Focus: Markets Wrap
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(Bloomberg) — Asian stocks rose Monday, as traders looked ahead to the Federal Reserve’s annual meeting in Jackson Hole for any clues about the future path of interest rates. Most Read from Bloomberg A regional stock index rose, extending Friday’s gains. Chinese stock markets rose, led by technology shares. Japanese…
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Asia FX firms as rate cut bets pressure dollar; Japanese yen lags By Investing.com
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Most Asian currencies rose on Friday as continued bets on a U.S. interest rate cut put the dollar on track for a fourth straight week in the red, while the Japanese yen fell further amid improved risk sentiment. While the dollar rose from its lowest in nearly seven months on…
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Asia FX muted, dollar near 7-mth low after soft CPI data By Investing.com
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Most Asian currencies remained in a tight range on Thursday after posting strong gains overnight after weaker-than-expected U.S. consumer inflation data put the dollar near a seven-month low. Positive economic readings from Japan, Australia and to some extent China also boosted sentiment towards regional markets. The dollar index hovered around…
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Asia FX gains as dollar dips ahead of CPI data; Kiwi battered by rate cut By Investing.com
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Most Asian currencies rose on Wednesday, while the dollar fell after a weak reading on U.S. producer inflation raised hopes that a similar easing in consumer inflation would lead to deeper interest rate cuts. The New Zealand dollar was an exception, posting sharp losses after the Reserve Bank of New…
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Asia FX flat, dollar muted with inflation, economic cues on tap By Investing.com
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Most Asian currencies were little moved on Tuesday as the dollar held steady ahead of key inflation data due later in the day, while the Japanese yen weakened further ahead of more signals on the economy. Sentiment towards regional currencies remained subdued after a major move towards risk aversion in…
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Asia FX ticks lower, dollar steadies ahead of CPI data By Investing.com
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Most Asian currencies fell slightly on Monday as traders shifted slightly towards the dollar ahead of key U.S. inflation data this week, which is expected to provide further clues on interest rates. Regional trading volumes were limited due to a Japanese market holiday, which also saw the yen weaken slightly…
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Asia FX firms on positive US, China readings; yen faces renewed pressure By Investing.com
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Most Asian currencies rose on Friday as positive economic readings from the United States and China helped ease recession fears, although improved risk appetite put renewed pressure on the Japanese yen. The dollar found some strength thanks to better-than-expected labor market data, although any major advance in the greenback was…
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Joining the Dots in Online Trading: iFX EXPO Asia 2024
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The Asia Pacific (APAC) region is one of the fastest growing e-commerce markets in the world. As it continues to grow, the Asia trading software market is expected to reach USD 19.68 billion by 2031, expanding at a CAGR of 7.84% between 2024 and 2031. In this context, iFX Asia…
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Insurer Manulife’s second-quarter profit rises on strong Asia growth By Reuters
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(Reuters) – Canada’s Manolive Financial Inc reported better-than-expected quarterly profit on Wednesday, helped by a 40 percent rise in earnings from Asia, a region the insurer is betting on for growth. The Asia business, which includes operations in 12 markets and more than 100 banking partnerships, is among the insurer’s…
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Asia FX muted as dollar steadies; yen tumbles as BOJ downplays rate hikes By Investing.com
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Most Asian currencies fell on Wednesday as the dollar regained more ground after recent declines, while the yen fell sharply after Bank of Japan officials downplayed expectations of a rate hike. Sentiment towards regional markets remained fragile, especially after concerns about a recession in the United States caused risk-oriented assets…
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Asia stocks extend gains, yen retreats after BOJ talks down rate hikes By Reuters
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By Wayne Cole and Stella Chiu SYDNEY (Reuters) – Asian stock markets extended gains on Wednesday, led by a rebound in the U.S. dollar after the Bank of Japan unexpectedly signaled it was unwilling to raise interest rates again amid volatile markets, sending the yen sharply lower. The Nikkei rose…
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Asia FX weak as yen falls from 7-mth peak; Aussie firms on hawkish RBA By Investing.com
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Most Asian currencies were slightly lower on Tuesday as the dollar steadied after its recent slide, with the Japanese yen retreating from seven-month highs. The Australian dollar was among the region’s best performing currencies, rising after the Reserve Bank of Australia kept interest rates unchanged but took a hawkish stance…
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Asia FX muted as dollar dips on recession fears; yen surges to near 7-mth high By Investing.com
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Most Asian currencies moved in a narrow range on Monday, taking little advantage of the dollar’s weakness amid growing concerns about slowing economic growth in the United States. The Japanese yen was an outlier, rising sharply on safe-haven demand and as the prospect of a Bank of Japan interest rate…
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Asia FX muted, dollar steadies with nonfarm payrolls on tap By Investing.com
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Most Asian currencies moved in a narrow range on Friday as risk aversion in global financial markets sparked some safe-haven flows into the dollar, while markets awaited key nonfarm payrolls data for further cues. However, the Japanese yen remained steady after the Bank of Japan’s hawkish policy sparked a rally…
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Asia FX firms on rate cut bets, yen at 5-mth high on hawkish BOJ By Investing.com
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Most Asian currencies rose on Thursday as the dollar fell after the Federal Reserve signaled an interest rate cut was imminent, while the Japanese yen hit a five-month high amid hawkish signals from the Bank of Japan. But the Chinese yuan lagged its peers, as did the Australian dollar in…
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UBS upgrades China stocks to “most preferred” in Asia By Investing.com
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UBS said Chinese stocks were its top pick in Asia, with the firm forecasting strong single-digit returns by the end of 2024 on the back of improved earnings outlook and more policy support. UPS said China’s major internet companies are set to post stronger earnings, especially major e-commerce companies like…
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Asia FX firms with Fed on tap; Japanese yen volatile after BOJ By Investing.com
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Most Asian currencies rose on Wednesday ahead of further signals on interest rate cuts from the Federal Reserve, while the Japanese yen was volatile after mixed signals from the Bank of Japan. The Australian dollar was an exception among its regional peers, with the currency sliding to a three-month low…
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Asia FX muted with yen steady ahead of BOJ; dollar gains before Fed By Investing.com
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Most Asian currencies remained in a narrow range on Tuesday amid caution ahead of a series of economic signals this week, with the yen steady amid uncertainty over a potential interest rate hike by the Bank of Japan. The dollar recovered slightly as expectations of a Federal Reserve meeting grew,…