Asian markets are trading generally firmer today despite the selloff in the US on Friday. At the time of writing. Nikkei is trading up 0.65%. China's SSE is back from holiday and is up 0.35%. Hong Kong HSI is up more than 1.8%. However, we'd like to point out that risks for deeper global market selloff …
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Hong Kong has been forced to intervene twice in the past two days to support its currency after the Hong Kong dollar slumped to its weakest level since 2005, in a move that risks putting pressure on mortgage borrowers and Hong Kong's high-priced property market. The Hong Kong Monetary Authority …
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LONDON, April 9 (Reuters) – The dollar edged higher on Monday, extending a two-week winning streak, as rising stock markets signalled a return in risk appetite, though investors remained wary about trade tensions between the United States and China. A media report that China was evaluating the …
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While Asian currencies, which are heavily exposed to global trade, should have taken a hit from the ongoing tit-for-tat trade row and on expectations for faster rate hikes from the US Federal Reserve, most of them have gained this year. The latest Reuters poll of nearly 70 foreign exchange strategists …
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