Most Asian Currencies Strengthen on Hopes for Improved China Sentiment
Most Asian currencies strengthened against USD in the morning session on hopes for improved sentiment in China.
Most Asian currencies strengthened against USD in the morning session on hopes for improved sentiment in China.
Oil futures fell in the morning Asian session in a likely technical correction after the U.S. benchmark settled at its highest since early November on Friday.
Gold edged higher in the early morning Asian session amid USD weakness, which typically has an inverse correlation with the precious metal.
Australian steelmaker BlueScope Steel reported a 27% fall in first-half profit, reflecting weaker prices for its sales, and expects earnings to fall slightly in its second fiscal half.
Olam Group said an audit and risk committee has found no evidence to establish the allegations of a multibillion-dollar fraud by its Nigerian units.
Japanese shares may fall, tracking Wall Street’s losses and on market sentiment that the benchmark index may be overbought after posting its highest closing year-to-date on Friday.
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