Asia FX weak amid dollar strength; yen on intervention watch
Most Asian currencies were fragile on Monday as the dollar steadied near two-month highs, while weakness in the Japanese yen sparked caution over potential intervention measures by Tokyo. Sentiment towards regional markets was also dampened by fears of a trade war between China and the European Union, after Chinese officials warned of retaliatory measures against […]
Taiwanese people, markets stay calm despite Chinese drills around island
As China staged a second day of “punishment” drills on Friday in response to Taiwan’s new President Lai Ching-te, some residents of the democratically governed island told Reuters they would carry on with their normal lives despite Beijing’s pressure. China staged mock missile strikes in waters east of Taiwan and dispatched fighter jets carrying live missiles, state […]
China’s economy reveals pockets of softness. Here’s what to watch ahead of Friday’s data
BEIJING — As China’s economy moves into the second quarter of the year, a few indicators are pointing to sluggish growth ahead if things don’t turn around, raising expectations for monetary policy easing. The National Bureau of Statistics is due to release data on retail sales, industrial production and fixed asset investment for April on […]