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The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Wednesday, albeit it lacks follow-through and remains confined in a familiar range held over the past two weeks or so.
The Pound Sterling (GBP) finds support near a six-week low around 1.2540 in Tuesday’s late London session after the S&P Global/CIPS reported an upbeat Manufacturing PMI for March.
‘The time to buy is when everyone hates the market and it’s cheap, which is now the case in Chinese equities,’ especially as there are signs that the country’s economic leaders are preparing stimulus measures, the hedge fund billionaire said in his LinkedIn blog.
Canadian Dollar keeps losing ground as US data beats expectations.
The Japanese Yen (JPY) kicks off the new week on a softer note against its American counterpart, albeit lacking follow-through and remains confined in a familiar range held over the past two weeks or so.