Forex pile remains Asia's first defence against relentless US dollar
The US dollar’s recent rally has been relentless. But Asia’s central banks have the firepower to limit the fallout.
Source: thestar.com.my
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China economy shows stability signs as credit and CPI improve
China’s credit demand improved, deflationary pressures eased and the yuan rallied, adding to a recent trickle of signs that the economy and financial markets may be stabilizing after a sharp downturn. The strong credit data published Monday showed recent steps to bolster the real estate market may be starting to…
Source: businessmirror.com.ph
More signs of hope as China credit, CPI improve
The world’s second-largest economy is trying to regain traction as an ongoing property crisis and weak confidence drag on its recovery.
Source: afr.com
China's factory activity sparks hope slump is bottoming out
China’s manufacturing contraction eased slightly in August and a gauge of new orders improved, providing some hope that the worst of the sector’s slump may be ending. The official manufacturing purchasing managers’ index rose to 49.7, topping estimates and edging closer to the 50 level that would signal activity has…
Source: businessmirror.com.ph
Biggest Yuan Bears Fail to Gain Traction Among Option Traders
(Bloomberg) -- Strategists may be getting increasingly bearish on the yuan but their words are failing to resonate with option traders who see very little chance of the currency falling to some of the most pessimistic levels forecast.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapMore People Call in Sick on August 24 Than Any Other DayWagner Chief Prigozhin Listed Aboard Crashed Jet, Repor
Source: yahoo.com