Category: Asia
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Economic calendar in Asia 05 July 2024 while we wait for the US employment data
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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China’s BYD opens EV factory in Thailand, first in Southeast Asia By Reuters
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Written by Chaiyut Sittbonsarng RAYONG, Thailand (Reuters) – China’s BYD opened an electric vehicle factory in Thailand on Thursday, the company’s first in Southeast Asia, a fast-growing regional market for electric vehicles where it has become the dominant player. “Thailand has a clear vision for electric vehicles and is entering…
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Asia FX upbeat as rate cut bets dent dollar; yen on intervention watch By Investing.com
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Most Asian currencies rose on Thursday as growing expectations of a Federal Reserve interest rate cut weighed on the dollar, while a fragile yen kept traders wary of possible government intervention. But gains in Asian currencies were capped by hawkish signals from the minutes of the Federal Reserve’s June meeting,…
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Asia FX steadies as dollar dips after Powell comments; yen intervention eyed By Investing.com
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Most Asian currencies were steady on Wednesday, tracking some weakness in the dollar overnight after Federal Reserve Chairman Jerome Powell signaled progress toward lowering inflation. The Japanese yen remained fragile and at its weakest level in 38 years, with the focus squarely on possible government intervention in the currency market.…
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Asia FX muted as dollar steadies ahead of rate cues; yen weakens further By Investing.com
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Most Asian currencies fell slightly on Tuesday as the dollar recovered from recent losses ahead of a series of interest rate signals, while the Japanese yen weakened further to territory not seen in 38 years. Regional currencies saw little support even as traders priced in increased chances of a Federal…
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Economic calendar in Asia Tuesday, 2 July 2024 – RBA June meeting minutes
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asia markets mostly rise as traders digest mixed Chinese PMI, other region’s economic data
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primeimages/E+ via Getty Images Stock markets in the Asia-Pacific region started the second half of the year on a positive note as investors digested mixed Chinese PMI data, and the data showed that confidence among large Japanese manufacturers improved to a two-year high in the second quarter amid… Improving economic…
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Asia FX muted after mixed China PMIs, dollar dips as rate cut bets grow By Investing.com
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Investing.com — Most Asian currencies held tight ranges on Monday, as sentiment toward the region was weighed down by weak Chinese trade data, while the dollar fell amid some growing bets on interest rate cuts. A sharp downward revision to Japan’s first-quarter GDP growth also kept sentiment towards Asia largely…
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Asia stocks stutter, euro gains after first round vote in France
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Written by Ankur Banerjee SINGAPORE (Reuters) – Asian stocks fell on Monday as traders weighed the outlook for U.S. interest rates, while the euro rose after the far right won a smaller share of the vote in the first round of a snap election in France than some polls had…
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Asia stocks stutter, euro gains after first round vote in France By Reuters
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Written by Ankur Banerjee SINGAPORE (Reuters) – Asian stocks were mixed on Monday as traders weighed the outlook for U.S. interest rates, while the euro rose after the far-right won a smaller share of the vote in the first round of a surprise snap election in France than some polls…
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Economic calendar in Asia 01 July 2024 – another Chinese PMI due
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Over the weekend, China’s official PMIs for June were released: Today we get the Caixin Manufacturing PMI which was privately surveyed. This remained in expansion in May despite the National Bureau of Statistics’ manufacturing PMI falling into contraction. This image is from the ForexLive economic data calendar, You can access…
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Asia FX muted as dollar nears 2-mth high; yen crosses intervention levels By Investing.com
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Investing.com – Most Asian currencies moved little on Thursday as traders remained largely biased towards the dollar in anticipation of more major US economic signals. The focus was also on possible government intervention in the Japanese yen, which broke above levels that had prompted government intervention in May. Sentiment towards…
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Asia FX muted as dollar firms before PCE data; yen on intervention watch By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Friday, with the dollar holding near two-month highs ahead of key inflation data likely to weigh on the Federal Reserve’s interest rate outlook. The dollar’s strength has pushed the Japanese yen further below levels traders initially expected would attract government intervention. Mixed…
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Asia FX weakens as dollar steadies; yen back near intervention range By Investing.com
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Investing.com — Most Asian currencies fell on Wednesday as anticipation for key U.S. inflation data left traders largely favoring the dollar, with the Japanese yen approaching levels that sparked the latest government intervention. The Australian dollar was an outlier during the day, rising sharply after a hotter-than-expected inflation reading sparked…
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Asia FX sees some relief as dollar cools; yen firms amid intervention talk By Investing.com
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Investing.com — Most Asian currencies rose slightly on Tuesday as the recent rally in the dollar slowed, with the Japanese yen gaining some strength amid speculation about government intervention and interest rate hikes by the Bank of Japan. But sentiment towards Asian markets remained fragile due to the possibility of…
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Asia FX weak amid dollar strength; yen on intervention watch By Investing.com
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Investing.com — Asian currencies were mostly fragile on Monday, with the dollar holding near two-month highs, while a weak Japanese yen sparked caution about potential intervention measures by Tokyo. Sentiment towards regional markets also declined due to fears of a trade war between China and the European Union, after Chinese…
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Asia shares subdued as inflation, politics loom large By Reuters
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By Wayne Cole SYDNEY (Reuters) – Asian shares fell on Monday as the countdown to U.S. price data investors hope will show a renewed moderation in inflation, while markets were on alert for possible Japanese intervention with the dollar testing the 160 yen barrier. Geopolitics was also looming, with the…
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Economic calendar in Asia Tuesday, 18 June 2024 – RBA decision and press conference
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Asia FX weakens as hawkish Fedspeak offsets inflation relief; BOJ awaited By Investing.com
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Investing.com — Most Asian currencies fell on Thursday, as expectations of smaller interest rate cuts by the Federal Reserve dampened appetite for regional markets, even as the dollar fell amid a weak inflation reading. Uncertainty ahead of the Bank of Japan meeting and concerns over trade tensions between the US…
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Asia FX steadies, dollar flat as CPI, Fed meeting approach By Investing.com
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Investing.com — Most Asian currencies were marginally lower on Wednesday, while the dollar held steady as traders retreated in the face of a barrage of signals on US interest rates from the Federal Reserve and headline inflation data. Sentiment towards Asia was affected by fears of renewed trade tensions between…