Asia

Asia FX remains quiet, yuan holds steady following China’s interest rate reduction as reported by Investing.com

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Asia FX remains quiet, yuan holds steady following China’s interest rate reduction as reported by Investing.com

Investing.com– Most Asian currencies were trading within a narrow range on Monday, with the yuan holding steady after the People’s Bank of China cut interest rates slightly more than anticipated. Meanwhile, the dollar remained close to recent highs. Regional currencies had been under pressure in recent weeks as expectations of smaller U.S. interest rate cuts … Read more

Asia FX remains quiet as the dollar stabilizes at its highest level in over two months due to robust data, according to Investing.com

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Asia FX remains quiet as the dollar stabilizes at its highest level in over two months due to robust data, according to Investing.com

Most Asian currencies remained stable on Friday as the dollar held steady at more than two-month highs due to strong economic data, which reinforced expectations of smaller interest rate cuts. Regional markets were largely unaffected by Chinese gross domestic product data showing expected growth in the third quarter. The yuan slightly strengthened after the data … Read more