Asian Session: China Raises Reserve Ratio & Scares Risk Takers

01/26/10 by Daily Forex Snapshots
Filed under Forex & Futures

G10 Advancers and Decliners vs USD
	JPY	0.12
	GBP	-0.06
	CHF	-0.49
	EUR	-0.53

USD rallied back in the Asian session, as news that China was again raising its reserve requirements on select banks and S&Ps lowering of Japans outlook spooked investors. Yesterday, Wall Street was able to close on a postive note, but news from China and Japan clouded the sentiment.The Nikkei closed down -1.78%, while Shanghai was down -2.42%. After an encouraging start, the EURUSD traded…

Comments

Comments are closed.

Random Posts

06/04/10 -- Markets trade mixed ahead of US payrolls report
12/31/11 -- Pending Home Sales Rise in November
05/11/11 -- With Toyota Motor (NYSE:TM) Profit Slashed, Auto Company Still Faces ‘Uncertainties’
02/20/12 -- Japanese Trade Deficit Surges to Record High
09/23/10 -- Diverging from the Norm
03/02/10 -- Safe Heaven Currencies Continue to Rise on High Risk Aversion

Asian Session: China Raises Reserve Ratio & Scares Risk Takers

Comments

Random Posts

Email Signup

Login Status

Recent Comments