Posts Tagged ‘ asian economies ’
Our final dispatch from Dubai as we head home tomorrow and will publish next on Monday from New York, Risk aversion came back in Asian trade today with Topix sliding more than 2% on the Mitsubishi UFJ IPO pushing shares lower. After rebounding to 89.50 during the US session yesterday USD/JPY continues to hover [ READ MORE ]
After a brief pause, the world’s Central Banks (or at least those in Asia) have begun to once again accumulate foreign exchange reserves. I’m not one for hyperbole, but the figures are downright eye-popping: “Reserves held by 11 key Asian central banks totaled $2.625 trillion at the end of August, up from $2.569 trillion at [ READ MORE ]
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