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Aussie Resilient in Face of Dismal Job Data, Bitcoin Prepares to Conclude Consolidation - Vimarsana News

Aussie Resilient in Face of Dismal Job Data, Bitcoin Prepares to Conclude Consolidation

The forex markets are rather subdued in today's Asian session, with major currency pairs and crosses largely trading within yesterday's ranges. Australian Dollar strengthened slightly, ignoring significantly weaker-than-anticipated job data. Instead, it's lifted by rebound in Asian stock markets and stabilizing risk sentiment. However, the momentum behind Aussie's rebound appears weak and limited, suggesting it may be merely in consolidation before another selloff.

Currency Markets in Consolidations, Stocks Could be Stabilizing - Vimarsana News

Currency Markets in Consolidations, Stocks Could be Stabilizing

The forex markets are still generally staying in consolidative mode today, showing minimal reaction to the latest economic data and comments from central bank officials. Commodity currencies, along with Swiss Franc, are displaying relative strength. Meanwhile, Euro, Dollar, and Yen are on the weaker side.

Romania's Current Account Deficit Rises 25% To EUR2.7B In January-February 2024 - Vimarsana News

Romania's Current Account Deficit Rises 25% To EUR2.7B In January-February 2024

Romania's current account balance posted a deficit of EUR2.7 billion in January-February 2024, 25% higher than in the year-ago period, central bank data showed on Friday (April 12, 2024).

Credit-deposit ratio: A key metric for India's bankers is sending out a red signal - Vimarsana News

Credit-deposit ratio: A key metric for India's bankers is sending out a red signal

Sensing the possibility of overheating, the RBI recently increased the risk weightage for unsecured loans, requiring higher capital allocation for both banks and NBFCs.

Bank Rakyat profit higher at RM1.76b - Vimarsana News

Bank Rakyat profit higher at RM1.76b

Kuala Lumpur: Bank Rakyat Group (the Group) announced another year of strong and commendable performance for financial year ended 2023.